Market concerns have eased, and the US dollar fell on Tuesday Risk aversion sentiment rebounds, helping gold prices reach a one week high
On Tuesday, the US dollar index continued its downward trend, rising as high as 106.64 during the European session, before giving up all gains in the US session and ultimately closing down 0.41% at 10
On Tuesday, the US dollar index continued its downward trend, rising as high as 106.64 during the European session, before giving up all gains in the US session and ultimately closing down 0.41% at 106.23. The benchmark 10-year US Treasury yield closed at 4.4020%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.2910%.
Gold prices rose 0.79% on Tuesday, marking the second consecutive trading day of gains and closing at $2632.08 per ounce. It had previously set a new weekly high of $2639.35 per ounce during trading. After the US government recently gave the green light to the use of ATACMS missiles, Ukraine used these missiles to attack Russian territory on the 1000th day of the Russia Ukraine war, triggering a rush to buy safe haven assets.
The signs of escalation in the Russia Ukraine situation have made investors cautious, but the partial resumption of production at the Johan Sverdrup oil field in Norway has limited the increase in oil prices, resulting in a slight rise in international oil prices. WTI crude oil ultimately closed up 0.29% at $69.25 per barrel; Brent crude oil closed up 0.12% at $73.26 per barrel.