The US dollar index fluctuated and rose, ending two consecutive weeks of bearish candlesticks The gold price once fell below $2,400, but it still has strong resilience and cannot be overly bearish on the future trend

22 Jul, 2024

Last Friday (July 19th), investors were concerned about digital currencies due to global network failures, causing the US dollar index to fluctuate and rise

Last Friday (July 19th), investors were concerned about digital currencies due to global network failures, causing the US dollar index to fluctuate and rise, ending two consecutive weeks of bearish candlesticks, and ultimately closing up 0.18% at 104.37. The benchmark 10-year US Treasury yield ultimately closed at 4.2420%, while the two-year US Treasury yield closed at 4.5210%.

 

Last Friday (July 19th), spot gold fell sharply due to the strengthening of the US dollar index and traders taking profits. It briefly fell below the 2400 level during the day and ultimately closed down 1.83% at 2400.38 USD per ounce, recording three consecutive weekly losses. Spot silver ultimately closed down 2.10% at $29.21 per ounce.

 

Last Friday (July 19), as US Secretary of State Antony Blinken said that a ceasefire agreement in Gaza was expected to be reached and the Red Sea crisis might be alleviated, WTI crude oil fell in shock and finally closed down 2.75% at $78.58 per barrel, the lowest point on the monthly line. Brent crude oil ultimately closed down 2.57% at $82.60 per barrel.

 

 

 

 

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