Last Friday (March 22), as the market began to consider the possibility of the Federal Reserve cutting interest rates later, the US dollar index continued to strengthen and ultimately closed up 0.44%, marking the second consecutive week of gains at 104.42. The benchmark 10-year US Treasury yield fell below the 4.2% mark and closed at 4.194%, while the 2-year Treasury yield, which is most sensitive to the Federal Reserve's policy rate, closed at 4.596%.

Affected by the strong US dollar, spot gold continued its decline last Friday (March 22) and briefly fell below the $2,160 mark, ultimately closing down 0.72%. However, it still closed up 0.44% on the weekly chart at $2,165.48 per ounce; Spot silver ultimately closed down 0.29% at $24.68 per ounce.

Due to the possibility of a ceasefire in Gaza and the continued reduction in the number of US drilling platforms, oil prices remained unchanged last week. WTI crude oil briefly surged above $81 before the US market last Friday (March 22), but then gave up all gains and ultimately closed down 0.01% at $80.74 per barrel; Brent crude oil closed down 0.02% at $85.52 per barrel.