The US dollar rebounded again after stabilizing after a pullback Gold remains stable below $2,400

19 Apr, 2024

On Thursday (April 18th), as Federal Reserve officials continued to suppress market expectations of interest rate cuts, the US dollar index turned higher during trading, closing at 106 levels and ulti

On Thursday (April 18th), as Federal Reserve officials continued to suppress market expectations of interest rate cuts, the US dollar index turned higher during trading, closing at 106 levels and ultimately closing up 0.211% at 106.17. US bond yields have rebounded. After the "three leaders of the Federal Reserve" mentioned the possibility of interest rate hikes, the 10-year US Treasury yield surged and ultimately closed at 4.643%. The yield on the 2-year US Treasury bond, which is most sensitive to the Federal Reserve's policy interest rates, once again hit 5% and ultimately closed at 4.99%.

 

Due to the ongoing tension in the Middle East, the safe haven appeal of gold has increased. Spot gold resumed its upward trend on Thursday (April 18), reaching a maximum of 2392.67 during trading and ultimately closing up 0.75% at $2378.97 per ounce; Spot silver rose and then fell overall on Thursday (April 18th), ultimately closing up 0.05% at $28.24 per ounce.

 

International oil prices have fallen for the fourth consecutive trading day, hitting a new low in nearly three weeks, but the decline has slowed down compared to the previous day. WTI crude oil fell below the 82 mark on Thursday (April 18th) and ultimately closed down 0.5% at $82.85 per barrel; Brent crude oil closed down 0.6% at $86.86 per barrel on Thursday (April 18). In terms of other commodities, the strongest variety in 2024 still performed strongly, with cocoa futures soaring by over 10%, exceeding $11,000 per ton.

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