Fed rate cut expectations in December boosted gold and weakened the US dollar.

On Tuesday, due to lower than expected retail sales data strengthening market expectations for the Federal Reserve's December interest rate cut, the US dollar index fell from a high and fell below the 100 mark, ultimately closing down 0.389% at 99.81; The yield of US Treasury bonds continues to decline, with the benchmark 10-year bond yield falling below 4% for the first time since late October, and the 2-year bond yield sensitive to the Federal Reserve policy rate closing at 3.463%. On Tuesday, the gold price remained stable at around $4130 per ounce. Despite the dual impact of weak US economic data and rising expectations of Fed interest rate cuts, it briefly hit a high of $4159.15 during trading on Tuesday. However, the overall trend remained stable and did not break through further. As the US Thanksgiving holiday approached, the market's overall trading was restricted. International crude oil has returned to a downward trend, as signs of progress in the Russia Ukraine peace talks have boosted expectations that Russian oil supply will remain stable. WTI crude oil fell 3% at one point, approaching the $57 mark, hitting a new low in over a month, and finally closed down 1.36% at $58.09 per barrel; Brent crude oil ultimately closed down 1.31% at $61.97 per barrel.