Investors brace for Fed rate cut, dollar up, gold steady, awaiting inflation data.

On Thursday, as investors prepared for the Federal Reserve's interest rate cut next week, the US dollar index rebounded slightly but remained close to the five week low hit during trading, ultimately closing up 0.2% at 99.06; The benchmark 10-year Treasury yield ultimately closed at 4.1030%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 3.5310%. Spot gold rose slightly by 0.13% on Thursday, December 4th. Although the intraday fluctuations were not severe, they fully reflected the cautious mentality of the market: the gold price once fell to around $4175, indicating the existence of short-term selling pressure, but then rebounded to a high of $4219, indicating that buying power is still active, and finally closed at $4208.60 per ounce. The market balanced geopolitical tensions with news of Saudi Arabia lowering prices for major Asian crude oil, and oil prices rose in volatile trading on Thursday. WTI crude oil ultimately closed up 1.08% at $59.74 per barrel; Brent crude oil ultimately closed up 0.91% at $63.32 per barrel.