USD fell, gold and silver hit records amid global uncertainty.

On Wednesday, despite retail sales data exceeding expectations, political uncertainty surrounding the independence of the Federal Reserve persisted, and the US dollar index ultimately closed down 0.11% at 99.07; The benchmark 10-year Treasury yield ultimately closed at 4.136%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 3.520%. Spot gold prices hit a historic high of $4642.77 per ounce on Wednesday (January 14th), while silver also surged to a peak of $93.48, setting a remarkable record. Geopolitical tensions, fluctuations in economic data, expectations for Federal Reserve policies, and the shadow of political infighting in the United States are all working together to drive this bull market. The charm of gold as a safe haven asset is at its peak, but at the same time, it also hides potential risks. Trump hinted that military action against Iran may be temporarily suspended, causing oil prices to plummet by 4% in the short term. However, news about a possible explosion in the Iranian capital Tehran led to a short-term rise of $1.2 in US and Brent crude oil prices in late trading in New York. WTI crude oil ultimately closed up 1.13% at $61.79 per barrel; Brent crude oil ultimately closed up 1.17% at $66.35 per barrel.