Market weighs Fed's rate cut stance, dollar up, gold down.

On Thursday, the United States announced the largest decline in initial jobless claims in nearly four years, reversing the previous week's significant increase (note: hours after the data was released, it was reported that the renewal data for North Carolina was mistakenly underestimated by more than 19000 people, and a spokesperson for the Department of Labor said the matter is still under investigation). The US dollar index recovered from the 97 mark and ultimately closed up 0.35% at 97.36. The benchmark 10-year Treasury yield closed at 4.1080%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 3.5740%. Under the pressure of profit taking, the gold price fell sharply, closing down 0.81% on Wednesday. On Thursday (September 18), the gold price continued its downward trend, hitting a intraday low of $3627.88 per ounce and closing at $3644.27 per ounce. Federal Reserve Chairman Powell's dovish approach fell short of expectations, and the US initial jobless claims data was better than expected. The US dollar index and US Treasury yields rebounded significantly, prompting gold bulls to take profits and dragging down the performance of gold prices. Due to concerns about oversupply and weak fuel demand in the United States, the world's largest oil consumer, international crude oil continued its downward trend on Wednesday. WTI crude oil ultimately closed down 1.03% at $63.30 per barrel; Brent crude oil ultimately closed down 0.6% at $67.51 per barrel.