Abstract:Last Friday, as expectations of a Fed rate cut faded, the US dollar index rebounded slightly and ultimately closed up 0.087% at 99.27; The yield of US Treasury bonds generally rose, with the benchmark
Last Friday, as expectations of a Fed rate cut faded, the US dollar index rebounded slightly and ultimately closed up 0.087% at 99.27; The yield of US Treasury bonds generally rose, with the benchmark 10-year bond yield closing at 4.147% and the 2-year bond yield sensitive to the Federal Reserve policy rate closing at 3.612%. Last week, the gold price surged and fell back. At the beginning of the week, the gold price firmly stood at the $4000 mark, and investors were eagerly anticipating a new round of surge. They even launched a shock towards the historical high set last month, reaching a high of around $4245. However, as a series of hawkish remarks from Federal Reserve officials exploded like thunder, market sentiment instantly reversed, with spot gold plummeting nearly 2% on Friday to close at around $4085 per ounce. Due to drone attacks in Ukraine, Russia's Novorossiysk port has suspended oil exports, leading to a rebound in international crude oil prices. WTI crude oil has repeatedly risen above $60 per barrel, and ultimately closed up 2.13% at $59.82 per barrel; Brent crude oil ultimately closed up 0.22% at $63.95 per barrel.