Abstract:Last Friday, due to the uncertain outlook of the Federal Reserve and the US government shutdown, the US dollar index rose first and then fell. It fell to a intraday low of 99.38 during trading and ult
Last Friday, due to the uncertain outlook of the Federal Reserve and the US government shutdown, the US dollar index rose first and then fell. It fell to a intraday low of 99.38 during trading and ultimately closed down 0.13% at 99.53, ending its two consecutive weekly gains; The benchmark 10-year Treasury yield ultimately closed at 4.104%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 3.568%. Spot gold held its gains from last Friday, with hardware prices rising 0.6% last week, successfully recovering from the $4000 integer mark. Market participants pointed out that the unexpected weakening of the US dollar index became the primary driving force, with the US dollar falling 0.15% to a nearly week-low last Friday. At the same time, the uncertainty of the US government shutdown shrouded the market, significantly enhancing the safe haven nature of gold. The Wall Street stock index is about to record a large weekly decline, further amplifying this effect. Crude oil rebounded slightly, with WTI crude oil briefly returning above the $60 mark during the European trading session, but later wiping out some of the gains and failing to stay above this mark, ultimately closing up 0.49% at $59.69 per barrel; Brent crude oil ultimately closed up 0.37% at $63.45 per barrel.