Fed's hawkish stance lifted the dollar, gold dropped after hitting highs.

On Thursday, despite the slightly hawkish signals released by the Federal Reserve providing some support for the US dollar, investors still had doubts about the outlook for US policies. The US dollar index rose to a intraday high of 96.66 during the US trading phase, then rapidly declined and gave up all its intraday gains, ultimately closing down 0.19% at 96.15; The benchmark 10-year Treasury yield closed at 4.240%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 3.567%. Spot gold surged to a historic high of $5596.33 per ounce on Thursday, but then sharply declined, falling more than 5% at one point and reaching an intraday low of $5104.98, ultimately closing at $5377.14 per ounce. This pattern of rising and falling mainly stems from investors' profit taking behavior after reaching record highs. The concern of another government shutdown in the United States has cooled down, becoming an important catalyst for promoting long positions to close positions. Despite increasing short-term selling pressure, the continued fermentation of geopolitical uncertainty still provides strong support for bargain hunting buying in gold. Due to market concerns that a US attack on Iran could affect global supply, oil prices have surged by another 3%. WTI crude oil continued to rise in the market and reached a nearly 5-month high of $66.54 during the US trading session, ultimately closing up 3.11% at $65.55 per barrel; Brent crude oil closed up 2.95% at $69.42 per barrel.