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