Investors continue to chase risks, and the US dollar fell last Friday Gold oscillates at high levels, market focus shifts to US CPI data and geopolitical situation

12 Aug, 2024

Last Friday (August 9th), the US dollar index fluctuated within a range and briefly approached the 103 level during trading. Eventually

Last Friday (August 9th), the US dollar index fluctuated within a range and briefly approached the 103 level during trading. Eventually, it rose slightly by 0.055% to 103.16, still near a one week high; The yield of US Treasury bonds fluctuated, with the benchmark 10-year bond yield ending its three-day consecutive rise and closing at 3.946%. The two-year bond yield, which is more sensitive to monetary policy, closed slightly higher at 4.063%.

Gold prices remained stable last Friday (August 9th), closing at $2430.92 per ounce. Investors' confidence in the Federal Reserve's interest rate cut in September has increased, and US bond yields fell last Friday, providing some support for gold prices. The market will also pay attention to the upcoming US CPI data this week.

Last Friday (August 9th), due to the easing of concerns about the US economic recession and the ongoing geopolitical situation in the Middle East, the international crude oil daily line recorded three consecutive increases. WTI crude oil ultimately closed up 1.28% at $77 per barrel; Brent crude oil ultimately closed up 0.99% at $79.7 per barrel.

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