Investors take profits and the US dollar slightly falls on Tuesday Gold sets a new historical record high

03 Apr, 2024

On Tuesday (April 2nd), the US dollar index first rose and then fell, briefly above the 105 level during trading. However, during the US session, it fell to an intraday low of 104.67 before rebounding

On Tuesday (April 2nd), the US dollar index first rose and then fell, briefly above the 105 level during trading. However, during the US session, it fell to an intraday low of 104.67 before rebounding and ultimately closing down 0.19% at 104.76. The yield of 5-year, 10-year and 30-year treasury bond bonds of the United States all hit the highest point in the year, while the yield of two-year US bonds fell slightly. The 10-year US Treasury yield briefly surged above 4.4% and ultimately closed at 4.361%, while the 2-year US Treasury yield, which is most sensitive to the Federal Reserve's policy rate, closed at 4.701%.

 In the morning trading of Asian market on Wednesday (April 3), spot gold continued to rise, once hitting a record high of $2288.21 per ounce. At present, the trading volume is around $2280.34 per ounce. Dealers rush to buy safe haven gold when tensions in the Middle East are growing. They basically ignore the strengthening of the US dollar and the reduction of interest rate bets on the United States.

 Oil prices continue to rise due to supply concerns. WTI crude oil surged above $85 during trading on Tuesday (April 2), up more than 1% on the day, continuing to hit a new high since October last year, and ultimately closing up 1.76% at $85.39 per barrel; Brent crude oil also hit a new high since October last year on Tuesday (April 2), closing up 1.7% at $89.23 per barrel.

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