Fed rate expectations stable, USD weakens, gold falls but strong buying below.

On Tuesday, Trump actively hinted at Hassett as the next chairman of the Federal Reserve, putting pressure on the US dollar index in late trading; The final closing price fell by 0.06% to 99.34; The benchmark 10-year Treasury yield ultimately closed at 4.0950%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 3.5180%. Currently, spot gold prices are fluctuating around $4200 per ounce, with market sentiment wavering between expectations of interest rate cuts and economic data. Analysts generally believe that this is not just a brief fluctuation, but a prelude to a higher peak. Looking back at Tuesday's trend, gold prices fell back after hitting a six week high, but rebounded strongly in the late trading session, showing strong buy on demand support. At the same time, the high enthusiasm of global central banks for purchasing gold, the decline in US bond yields, and the escalation of geopolitical tensions have all provided a solid support foundation for gold. Traders assess the risks posed by Ukrainian drone attacks on Russian energy facilities, the situation in Venezuela, and the uncertain outlook for US fuel inventories, leading to a pullback in international oil prices near two-week highs. WTI crude oil ultimately closed down 1.51% at $58.61 per barrel; Brent crude oil ultimately closed down 1.37% at $62.45 per barrel.