On Thursday (March 7th), influenced by Powell's dovish remarks, the US dollar index weakened and fell to a low of over six weeks, ultimately closing 0.54% lower at 102.81. The benchmark 10-year Treasury yield closed at 4.0885%, while the 2-year Treasury yield, which is most sensitive to the Federal Reserve's policy rate, closed at 4.5034%.

On Thursday (March 7th), spot gold once again hit a historic high of $2,164.65 per ounce, closing at $2,159.80 per ounce, continuing its seventh trading day of gains. Supported by soft US economic data and dovish remarks from Federal Reserve Chairman Powell, central bank buying and safe haven demand also brought sustained positive news to the gold market.

On Thursday (March 7th), oil prices bottomed out and rebounded. Despite an increase in supply to North America, which caused oil prices to drop by nearly 1% at one point, the US dollar index weakened significantly due to increased expectations of the Federal Reserve's interest rate cut. In addition, the increase in crude oil imports from major Asian countries improved demand prospects, and the US dollar held a key position on its 200 day moving average on Thursday.