USD rebounded slightly but dropped for the third week, while gold stayed strong.

Last Friday, the US dollar index rebounded slightly, but almost gave up all the gains of the day during the US trading session, ultimately closing up 0.04% at 98.40, with a weekly record of three consecutive negatives; The benchmark 10-year Treasury yield ultimately closed at 4.184%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 3.533%. Last Friday (December 12th), gold prices performed well, with spot gold rising 0.48% and closing at around $4300 per ounce. The intraday high reached $4353 per ounce, the highest level since October 21st. US futures also closed up 0.4%, with a settlement price of $4328.3. This upward trend has given gold bulls full confidence, especially after the Federal Reserve cut interest rates by 25 basis points for the third time last week, which further raised market expectations for loose monetary policy. Affected by supply concerns, international oil prices continue to decline. WTI crude oil ultimately closed down 0.83% at $57.24 per barrel; Brent crude oil ultimately closed down 0.68% at $61.47 per barrel.