The US retail data was significantly better than expected, The US dollar rose yesterday, and gold prices are once again approaching the $2,400 mark

16 Apr, 2024

On Monday (April 15th), as the Middle East conflict entered a dangerous new phase and US retail data showed strong performance, the US dollar index rose for the fourth consecutive day

On Monday (April 15th), as the Middle East conflict entered a dangerous new phase and US retail data showed strong performance, the US dollar index rose for the fourth consecutive day, ultimately closing 0.182% higher at 106.21, hitting a new five month high. The yield on US Treasury bonds rose after the release of US retail data, followed by a narrowing of the increase. The 10-year US Treasury yield reached the 4.6% mark for the first time in five months and ultimately closed at 4.643%. The yield on the 2-year US Treasury, which is most sensitive to the Federal Reserve's policy interest rates, hit the 5% mark and ultimately closed at 4.957%.

 

Due to Iran's unprecedented attack on Israel, which has raised concerns about escalating tensions in the Middle East, spot gold opened high on Monday (April 15), rising above $2380 per ounce in the US market, rebounding more than $50 from the day's low, and ultimately closing up 1.66% at $2383.19 per ounce; Spot silver strengthened above the 28th level on Monday (April 15th) and ultimately closed up 3.54% at $28.88 per ounce.

 

Overall, international crude oil prices fell first and then rose, and analysts believe that oil prices have already digested some geopolitical risks in advance. WTI crude oil rebounded after falling nearly 2% during trading on Monday (April 15th), and ultimately closed up 0.23% at $85.6 per barrel; Brent crude oil closed up 0.22% on Monday (April 15th) at $90.35 per barrel.

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