The US dollar rebounded from its low in the past four months Gold price returns to high levels
On Thursday (July 18th), due to the Philadelphia Fed's manufacturing index for July being higher than expected, showing signs of economic resilience in the United States
On Thursday (July 18th), due to the Philadelphia Fed's manufacturing index for July being higher than expected, showing signs of economic resilience in the United States, the US dollar index recorded its largest daily increase since June 20th, ultimately closing up 0.43% at 104.18. The benchmark 10-year US Treasury yield closed at 4.2050%, and the two-year US Treasury yield closed at 4.4840%.
On Thursday (July 18th), despite the Federal Reserve's expectation to continue providing support for gold prices in September, the US dollar index rebounded from the past four months, putting pressure on gold prices. Spot gold fell 0.55% on Thursday, closing at $2445.07 per ounce, marking two consecutive trading days of decline and continuing to move away from the historical high set on Wednesday.
On Thursday (July 18th), due to concerns about insufficient demand for Asian crude oil in the market, WTI crude oil closed down 0.93% at $80.81 per barrel; Brent crude oil ultimately closed down 0.42% at $84.78 per barrel.