The market's expectation of a Fed interest rate cut has decreased, and the US dollar rose significantly on Wednesday Gold prices rose for third consecutive trading day
On Wednesday, as the market generally believed that Trump's inauguration would boost the US dollar, the US dollar index rebounded after three consecutive declines as the Trump administration gradually
On Wednesday, as the market generally believed that Trump's inauguration would boost the US dollar, the US dollar index rebounded after three consecutive declines as the Trump administration gradually clarified, ultimately closing up 0.47% at 106.65. The benchmark 10-year US Treasury yield closed at 4.4090%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.3310%.
Gold prices rose for the third consecutive trading day on Wednesday, reaching a new high of over a week at $2655.27 per ounce and closing at $2650.07 per ounce. The escalating tensions between Russia and Ukraine have intensified geopolitical concerns, prompting investors to seek safe haven.
The US crude oil inventory data is bearish on oil prices, with WTI crude oil ultimately closing down 0.38% at $68.99 per barrel; Brent crude oil closed up 0.30% at $73.04 per barrel.