USD rebounded, then dropped; gold at $4330, near record.

On Wednesday, the US dollar index rebounded above 98.6 in the European session, but then gave up most of the gains, ultimately closing up 0.18% at 98.39; The benchmark 10-year Treasury yield ultimately closed at 4.163%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 3.493%. Driven by multiple factors such as weak US employment data, renewed expectations of Federal Reserve interest rate cuts, and escalating geopolitical tensions, spot gold prices continued to rise on Wednesday (December 17), reaching a high of $4348.70 per ounce during trading and closing at around $4338 per ounce, an increase of nearly 1%. At the same time, silver prices have broken through the $66 mark, reaching a historic high of $66.88 per ounce, while platinum has also reached its highest point in over 17 years. This trading day focuses on Trump's national speech and the delayed release of US November CPI data. Due to Trump's blockade of Venezuela easing concerns about global oversupply, oil prices have rebounded significantly. WTI crude oil ultimately closed up 3.03% at $56.70 per barrel; Brent crude oil returned above $60 and ultimately closed up 2.95% at $60.79 per barrel.