Fed cuts rates, USD rebounds, gold fluctuates.

On Thursday morning, after the Federal Reserve announced a 25 basis point interest rate cut, the US dollar index plummeted in the short term. However, at a subsequent press conference, Powell referred to this as a "risk management" interest rate cut, and the US dollar index immediately rebounded and recovered from the $97 mark, ultimately closing up 0.37% at 97.02. The benchmark 10-year Treasury yield closed at 4.0850%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 3.5720%. The spot gold price quickly fell from the record high of $3707.35 hit during trading, and closed down 0.8% on Wednesday at $3659.79 per ounce, a drop of nearly 1%. Behind this reversal of the upward trend, the speech by Federal Reserve Chairman Jerome Powell was interpreted by the market as a "signal of uncertainty," triggering investors to take profits. Due to investors evaluating the latest inventory report in the United States and the Federal Reserve warning of a rift in the US labor market, crude oil prices have ended their three consecutive increases. WTI crude oil closed down 0.90% at $63.96 per barrel; Brent crude oil ultimately closed down 0.85% at $67.92 per barrel.