US core CPI dropped in December, the dollar rebounded, and gold and silver hit record highs.

On Tuesday, the December core CPI in the United States unexpectedly cooled down, and traders increased their bets on the Fed's April interest rate cut. The US dollar index rebounded after a short-term plunge and ultimately closed up 0.29% at 99.18; The benchmark 10-year Treasury yield ultimately closed at 4.1840%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 3.5450%. On Tuesday, the gold price briefly hit a historic high of $4634.33 per ounce, but then quickly fell back and closed at only around $4586. This trend of rapid rebound after a surge has made investors question whether the bull market for gold has come to an end？ At the same time, the US December inflation data was slightly lower than expected, and the US dollar index regained its upward trend, climbing 0.28% to 99.15. The strong rebound of the US dollar is increasingly exerting a suppressive effect on gold. On this trading day, investors should pay attention to the upcoming release of US PPI data and retail sales data, as Trump has promised to impose a 25% tariff on any country doing business with Iran, and the market is concerned that Iran may reduce exports during the turbulent period, causing international crude oil to rise. WTI crude oil ultimately closed up 2.11% at $61.09 per barrel; Brent crude oil ultimately closed up 1.79% at $65.44 per barrel.