Fed cuts weakly lifted the dollar, while gold dropped after reaching highs.

Last Friday, the US dollar index fluctuated around the 98 level and ultimately closed up 0.113% at 98.07; The yield of US Treasury bonds fluctuated, with the benchmark 10-year yield closing at 4.137% and the 2-year yield sensitive to the Federal Reserve policy rate falling below the 3.5% mark, closing at 3.481%. The markets for precious metals such as gold, silver, and platinum have experienced a stunning surge by the end of 2025. On Monday morning (December 29th), spot gold approached historical highs, silver broke through the $80 mark, platinum set a record high, and palladium briefly rose above the $2000 mark, breaking a three-year high. This wave of enthusiasm is not only driven by expectations of interest rate cuts by the Federal Reserve, but also closely related to geopolitical tensions, a weak US dollar, and fluctuations in physical demand. As investors closely monitor the prospects of the Russia Ukraine peace talks, coupled with the upcoming global oversupply, the trend of crude oil is sluggish. WTI crude oil fell sharply in the market, ultimately closing down 2.53% at $56.99 per barrel, wiping out most of the week's gains; Brent crude oil ultimately closed down 2.26% at $60.89 per barrel.