The demand for safe haven in the market has increased, and the US dollar strengthened on Tuesday The risk of trade tensions resurfaces, and the imminent implementation of the Lebanon Israel ceasefire agreement is dragging down gold prices
On Tuesday, the US dollar index rebounded slightly due to Trump's vow to impose tariffs on Canada, Mexico, and China, ultimately closing up 0.06% at 106.90.
On Tuesday, the US dollar index rebounded slightly due to Trump's vow to impose tariffs on Canada, Mexico, and China, ultimately closing up 0.06% at 106.90. The benchmark 10-year US Treasury yield closed at 4.3100%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.2580%. Spot gold remained stable at $2626.83 per ounce on Tuesday, recovering some lost ground. US futures closed 0.1% higher, with a settlement price of $2621.30. Due to market news that OPEC+has started discussing further delaying the increase in oil production, as well as the confirmation of the US led ceasefire agreement in Lebanon by the United States, Israel, and Lebanon, international oil prices have almost remained flat. WTI crude oil ultimately closed down 0.12% at $68.93 per barrel; Brent crude oil closed down 0.14% at $72.45 per barrel.