The market's expectation of the Federal Reserve continuing to cut interest rates has fallen The US dollar rose significantly last Friday, while gold spot prices fell under pressure

11 Nov, 2024

Last Friday, the residual power of the "Trump deal" still existed, and the US dollar index returned to its upward trend, hitting the 105 level again during trading and ultimately closing up 0.587% at

Last Friday, the residual power of the "Trump deal" still existed, and the US dollar index returned to its upward trend, hitting the 105 level again during trading and ultimately closing up 0.587% at 104.95. The yield of US Treasury bonds fluctuated, with the benchmark 10-year bond yield closing at 4.306%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.26%. Due to the strengthening of the US dollar and further cooling expectations of interest rate cuts from the Federal Reserve, spot gold fell last Friday, ultimately closing down 0.84% at $2683.77 per ounce, marking the largest weekly decline in over five months. Spot silver ultimately closed down 2.34% at $31.29 per ounce. It is reported that Musk supports Trump's intervention in the Federal Reserve and needs to pay attention to the impact of future policies on the US dollar index. As traders' concerns about long-term supply disruptions caused by hurricanes in the Gulf of Mexico have eased, international crude oil prices have fallen. WTI crude oil once fell below the 70 level, rebounded slightly in the late trading, and finally closed down 2.32% at $70.23 per barrel; Brent crude oil closed down 2.08% at $73.84 per barrel.

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