US inflation data meets expectations The US dollar fell last Friday, and gold fell under pressure

03 Jun, 2024

Last Friday (May 31), due to the core PCE price index in the United States hitting a new low since December 2023, the US dollar index weakened and recorded its first monthly decline in 2024

Last Friday (May 31), due to the core PCE price index in the United States hitting a new low since December 2023, the US dollar index weakened and recorded its first monthly decline in 2024, ultimately closing down 0.11% at 104.63. The US Treasury yield fluctuated downward, with the 10-year Treasury yield ultimately closing at 4.5020%. The yield on the 2-year US Treasury, which is most sensitive to the Federal Reserve's policy interest rates, ultimately closed at 4.8810%.

 

Last Friday (May 31), COMEX gold futures fell 0.79% to $2347.7 per ounce, with a monthly increase of 1.95%; Last Friday (May 31), COMEX silver futures fell 3.1% to $30.555 per ounce, and rose 14.64% on a monthly basis.

 

Due to concerns among traders that OPEC may take some unexpected actions, the crude oil price trend was weak last Friday (May 31). WTI crude oil ultimately closed down 0.89% at $77.12 per barrel; Brent crude oil fell 0.76% to $81.28 per barrel.

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