Fed concerns weakened USD, boosting gold to a half-month high.

On Tuesday, due to Trump's attempt to dismiss Federal Reserve Governor Cook, which raised concerns in the market about central bank independence, the US dollar index fell but remained above the 98 level, ultimately closing down 0.21% at 98.19. The yield curve of US Treasury bonds is becoming steeper, with the benchmark 10-year yield closing at 4.268% and the 2-year yield closing at 3.269%. On Tuesday (August 26th), US President Trump suddenly announced the dismissal of Federal Reserve Governor Cook, citing his "improper behavior" in mortgage applications. This move not only directly challenges the independence of the Federal Reserve, but also instantly ignites the market's risk aversion. The price of gold soared to its highest point in over two weeks, with spot gold rising 0.83% in a single day to close at $3393.43 per ounce, the highest closing price in nearly two weeks. As Trump continues to issue more tariff threats, adding uncertainty to the global trade situation, and traders re weigh the possibility of fuel supply disruptions to Russia, international crude oil has fallen from a three week high. WTI crude oil fell below the 63 mark at one point and ultimately closed down 2.27% at $63.15 per barrel; Brent crude oil ultimately closed down 2.13% at $66.75 per barrel.