USD rose Monday, gold fell $50+ ahead of Tuesday’s inflation data.

On Monday, the US dollar index rose slightly and reached a intraday high of 98.65 during the US trading session, ultimately closing up 0.23% at 98.46; The yield of US Treasury bonds slightly increased, with the benchmark 10-year yield closing at 4.289% and the 2-year yield closing at 3.783%. Spot gold prices fell sharply by 1.6% on Monday, hitting a intraday low of $3341.25 per ounce, a new low in over a week. US futures for December delivery closed down 2.5%, with a settlement price of $3404.70 per ounce. At its root, multiple negative factors are intertwined, including US President Trump's waiver of the gold tariff, the renewed extension of the US China trade tariff truce, potential progress in the Russia Ukraine peace talks, and market anxiety over the upcoming release of US inflation data. As investors are waiting for this week's Trump Putin meeting, crude oil has stabilized, ending the 7-day daily decline. WTI crude oil first fell and then rose, then fluctuated around $63, and finally closed up 0.96% at $63.28 per barrel; Brent crude oil ultimately closed up 0.84% at $66.26 per barrel.