Market remains cautious, with the US dollar falling slightly yesterday Gold prices are under slight pressure, with traders worried about a rebound in US inflation
Market remains cautious, with the US dollar falling slightly yesterday Gold prices are under slight pressure, with traders worried about a rebound in US inflation
On Monday (February 26th), the US dollar index opened high and closed low, closing 0.166% lower at 103.78. The yield of US treasury bond bonds fell back, and the benchmark 10-year US bond yield fell slightly in Asia, then recovered in Europe, closing at 4.281%, and the two-year US bond yield, which is most sensitive to the policy interest rate of the Federal Reserve, closed at 4.279%.
Gold prices fluctuated slightly on Monday (February 26th), with spot gold closing 0.23% lower at $2030.95 per ounce. The market focus shifted to the US inflation data to be released this week, and some traders were concerned about the recovery of US inflation, which may affect the Federal Reserve's rate cut schedule.
Oil prices rebounded by more than 1% on Monday (February 26th), with analysts saying that European diesel demand, constrained by sanctions against Russia and shipping disruptions, has driven up oil prices amid market concerns that US refineries may limit their refining capacity due to planned maintenance.