Abstract:On Thursday, due to the global central banks being prepared to deal with the inflation rebound, the US dollar index consolidated above the 100 mark and fell, dropping to around 99 at one point during
On Thursday, due to the global central banks being prepared to deal with the inflation rebound, the US dollar index consolidated above the 100 mark and fell, dropping to around 99 at one point during the session before finally closing down 1.09% at 99.16; The benchmark 10-year Treasury yield closed at 4.253%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 3.801%. On Thursday, spot gold prices plummeted 3.5% to close at $4650 per ounce, with a drop of over 6% at one point during trading, reaching a low of $4503.18 per ounce since early February. The April gold futures in the United States fell sharply by 5.9%, ultimately closing at $4605.70. This is the seventh consecutive trading day of gold price decline. Gold, which was once wildly sought after by institutional investors for hedging and inflation resistance, now seems to be firmly locked in the shackles of high interest rates, and the downward trend is surging, making countless bullish investors tremble with fear. Due to the possibility of the United States lifting sanctions on Iranian oil stranded on oil tankers at sea, as well as Israel's “suspension” of airstrikes on Iranian energy facilities, crude oil has been shaken. WTI crude oil fluctuated back and forth around $95-100, ultimately closing down 4.59% at $95.00 per barrel; Brent crude oil rose to a intraday high of $113.65 during the European trading session, then gave up all the intraday gains and turned downwards, ultimately closing down 2.77% at $104.23 per barrel.