Market Digested the Federal Reserve Officials' Statement The US dollar rebounded from its low position, gold hit a new high and fell back to consoildate
On Monday (May 20th), the US dollar index fluctuated and rose, ultimately closing 0.122% higher at 104.62. The yield on US Treasury bonds remained strong
On Monday (May 20th), the US dollar index fluctuated and rose, ultimately closing 0.122% higher at 104.62. The yield on US Treasury bonds remained strong, with the 10-year yield ultimately closing at 4.45%. The yield on the 2-year US Treasury, which is most sensitive to the Federal Reserve's policy interest rates, ultimately closed at 4.852%.
On Monday (May 20th), COMEX gold futures rose 0.53% to $2430.3 per ounce, while COMEX silver futures rose 2.55% to $32.055 per ounce.
The crude oil market did not seem to be affected by political uncertainty in the two major oil producing countries on Monday (May 20th), with both the US and Brent oil falling on the first trading day of the week. WTI crude oil fell after hitting the 80 mark in the trading session, ultimately closing 0.4% lower at $79.14 per barrel; Brent crude oil fell 0.31% to $83.64 per barrel.