Last Friday (April 19th), the US dollar index maintained a downward trend, dropping below the 106 mark at one point. However, due to the escalation of geopolitical risks in the Middle East, the bullish tone of the US dollar was strengthened. The US dollar index rebounded in the US market and ultimately closed down 0.08% at 106.12; The yield of 10-year US Treasury bonds plummeted in the Asian session and then rebounded. As of the close, it almost recovered all the decline of the day and ultimately closed at 4.623%. The yield on the 2-year US Treasury, which is most sensitive to the Federal Reserve's policy interest rates, closed at 4.997%.

Gold prices continued to rise by 0.5% last Friday (April 19th), closing at $2390.42 per ounce, with a weekly increase of 1.95%, marking the fifth consecutive week of gains. The market is concerned about further retaliatory actions between Iran and Israel, which may trigger safe haven demand. The latest Kitco News weekly gold survey shows that despite a rapid rise in gold prices and a lack of correction, Wall Street and Main Street are still betting that gold prices will further rise. This week, we will focus on US GDP and PCE data.

Due to concerns about the interruption of crude oil supply caused by the tense geopolitical situation, WTI crude oil surged by 4% last Friday (April 19), but turned lower after encountering resistance at level 85, almost giving up all of the day's gains and ultimately closing up 0.27% at $82.07 per barrel; Brent crude oil rose 0.33% to $87.15 per barrel last Friday (April 19th).