Trump's "Puzhe Conference" prep sparked a US dollar rebound, while gold weakened.

On Monday, the US dollar index rebounded during the day and returned above the $98 mark, ultimately closing up 0.31% at 98.12; The benchmark 10-year US Treasury yield closed at 4.340%, and the 2-year US Treasury yield closed at 3.771%. The rebound of gold prices on Monday (August 18th) was hindered due to concerns about the Russia Ukraine situation. Earlier, spot gold rebounded to around $3358, but as peace expectations rose, gold prices gave up their gains and closed at $3332.66 per ounce, a decrease of about 0.1%. The meeting between President Trump of the United States and leaders of Ukraine and Europe went relatively smoothly. Trump announced the launch of preparations for the "Puzer Conference". The warming prospect of the Russia-Ukraine conflict peace directly depressed the demand for gold as a safe haven. On Tuesday, spot gold was currently trading near 3331.70 dollars/ounce in Asia. In addition to the situation in Russia and Ukraine, investors also paid attention to the annual seminar held by the Federal Reserve in Jackson Hole this week. Crude oil rose slightly due to US advisors insisting that India must stop purchasing Russian crude oil. WTI crude oil fell to a intraday low of $61.41 in the US market, but then recovered all lost ground strongly, ultimately closing up 0.43% at $62.53 per barrel; Brent crude oil ultimately closed up 0.54% at $65.95 per barrel.