Economic data differentiation in Europe and America The US dollar continued to rise on Thursday, while gold hit a new record high
The US dollar continued to rise on Thursday (March 28th), with the US dollar index rising as high as 104.73 and closing at 104.54. Only one step away from strong resistance of 105.00.
The US dollar continued to rise on Thursday (March 28th), with the US dollar index rising as high as 104.73 and closing at 104.54. Only one step away from strong resistance of 105.00. The euro/US dollar continues to weaken, falling below the integer level of 1.0800 and potentially falling towards the 1.0750 line.
Spot gold rose 1.74% on Thursday (March 28th) to $2232.78 per ounce, setting a new record high of $2,236.05 during trading. Gold prices rose 9% in March, marking the best monthly performance since July 2020 and the second consecutive quarterly increase. US futures closed 1.2% higher at $2,238.4 per ounce.
Crude oil jumped more than $1 per barrel on Thursday (March 28th), with a cumulative increase of over 6% in March. The monthly chart recorded three consecutive positive days due to the prospect of OPEC+continuing to reduce production, ongoing attacks on Russia's energy infrastructure, and a decrease in the number of US drilling platforms, resulting in tight crude oil supply.