Fed monetary policy market attention

The US dollar index rebounded last Friday, with gold prices falling for the first time in four weeks

Last Friday (March 15th), due to the US February PPI data exceeding expectations, the US dollar index fluctuated and rose, ultimately closing 0.071% higher at 103.44. The US Treasury yield rose, with the benchmark 10-year US Treasury yield recording six consecutive positive days, ultimately closing at 4.3080%; The yield on interest rate sensitive 2-year US Treasury bonds ultimately closed at 4.7320%.

Last week, many economic data led investors to lower their expectations for a US interest rate cut, and pressure on precious metals continued to rise. Gold prices recorded their first decline in four weeks.

Last Friday (March 15th), spot gold closed 0.30% lower at $2155.70 per ounce. Gold prices fell by 0.8% last week, marking the first weekly decline since mid February.

WTI crude oil closed almost flat, ultimately falling 0.04% to $80.97 per barrel; Brent crude oil rose 0.22% to $85.26 per barrel due to IEA's forecast that oil supply and demand will turn into a slight deficit in 2024.