US manufacturing data boosted, with the US dollar rising on Monday. Gold prices show a trend of rising and falling

02 Apr, 2024

On Monday (April 1st), due to the first expansion of the US manufacturing PMI since September 2022 in March, market expectations for the Federal Reserve's interest rate cut in June have weakened.

On Monday (April 1st), due to the first expansion of the US manufacturing PMI since September 2022 in March, market expectations for the Federal Reserve's interest rate cut in June have weakened. The US dollar index briefly surged above the 105 mark in intraday trading, reaching a new high in nearly four months, but failed to stabilize here and ultimately closed up 0.46% at 104.96. The yield on US Treasury bonds surged significantly, with the 10-year yield rising above 4.3% to close at 4.320%. The yield on the 2-year Treasury bond, which is most sensitive to the Federal Reserve's policy rate, closed at 4.711%.

Spot gold hit a new historical high of $2065.55 at the beginning of trading on Monday (April 1st), but then gave up some of its gains. It fell to an intraday low of $2228.43 during trading and ultimately closed up 0.84% at $2251.16 per ounce; Spot silver rose 0.46% to $25.06 per ounce.

Due to the prospect of tightening crude oil supply in Mexico and the risk of escalating Middle East conflict caused by Israel's attack on Syria, oil prices have hit a new recent high. WTI crude oil hit $84 per barrel during trading on Monday (April 1st), up more than 1% on the day, continuing to hit a new high since October last year, and finally closing up 1.03% at $83.91 per barrel; Brent crude oil rose 0.94% to $87.74 per barrel.

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