Market digestion of early gains The US dollar fell slightly on Monday, while gold rose slightly

26 Mar, 2024

Market digestion of early gains The US dollar fell slightly on Monday, while gold rose slightly

On Monday (March 25th), the US dollar index took back some of its gains and briefly approached the 104 mark during trading, ultimately closing down 0.19% at 104.22. The benchmark 10-year US Treasury yield returned above the 4.2% mark and closed at 4.246%, while the two-year US Treasury yield, which is most sensitive to the Federal Reserve's policy rate, closed at 4.63%.

Gold prices rose 0.3% on Monday (March 25th), with spot gold closing at $2,171.58 per ounce, driven by expectations of a rate cut by the Federal Reserve this year, although traders are still waiting for this week's inflation data to confirm the timing of the cut.

Due to the tense geopolitical situation and indications that OPEC+will adhere to its current production reduction plan at next week's representative review meeting. On Monday (March 25th), the bullish sentiment of oil prices increased slightly. WTI crude oil rose by more than 1% and briefly surged above $82 in the US market, ultimately closing up 1.44% at $81.92 per barrel; Brent crude oil rose 0.57% to $86.01 per barrel.

x

WARNING and please be advised:

It has come to our attention that a number of unauthorised firms /individuals have cloned our website content, logo and social media pages of CWG Markets Limited. Please be advised that these unauthorised firms have also been contacting consumers via various messaging apps such as WhatsApp, Facebook, Wechat.It should be noted that there is no connection whatsoever between the CWG Markets Limited, an authorised firm, and the unauthorised entities/ individuals that have cloned our details. If you’ve been scammed or contacted by an unauthorised firm / individuals – or a firm you suspect is not legitimate – you can report to us [email protected]

CFDs (Contract For Difference) are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks and take appropriate care to manage your own risk. Please read our Risk Disclosure carefully.