Trump's Greenland Crisis: US Dollar Up, Gold Down

On Wednesday, Trump announced that he had formed a framework for a future agreement on the Greenland issue and would not impose tariffs originally scheduled to take effect on February 1st. The US dollar index broke through the sideways trend and ultimately closed up 0.23% at 98.77; The benchmark 10-year Treasury yield ultimately closed at 4.245%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 3.597%. On Wednesday (January 21st), US President Trump's tough stance on Greenland and its sudden reversal directly stirred up the gold market landscape. After hitting a record high, the gold price fell back. On Thursday (January 22), in the morning session of the Asian market, spot gold fluctuated and weakened, once again falling below the 4800 level. Currently trading around $4780/ounce, a decline of nearly 1%. This trading day, the US November PCE data and changes in initial jobless claims will be released, and investors need to pay close attention. It is reported that two oil fields in Kazakhstan will suspend production for another seven to ten days, and international oil prices will rise due to tight supply. WTI crude oil ultimately closed up 1.98% at $60.81 per barrel; Brent crude oil ultimately closed up 2.16% at $65.37 per barrel.