Last Friday, the US dollar index first continued to fluctuate, then suddenly rose sharply in the late trading session, approaching a two-week high at one point, and finally closed up 0.25% at 107.55, but fell 0.89% in February, setting the largest monthly decline since September last year. The yield of US Treasury bonds continues to decline, with the benchmark 10-year bond yield continuing to decline to 4.22%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.007%. Trump's tariff threat also triggered volatility in emerging markets last Friday, with the Indonesian rupiah falling to a five-year low, Thai and Indonesian stock markets entering a bear market, and global funds frantically fleeing the Indian stock market, selling a net 116.4 billion rupees of Indian stocks in a single day on February 28th. The most actively traded April 2025 gold futures on the New York Mercantile Exchange fell $28.6 on the 28th, closing at $2867.3 per ounce, a decrease of 0.99%. Short term investors continued to take profits, and gold prices continued to plummet on the 28th. Due to market attention on the dispute between the presidents of the United States and Ukraine in the Oval Office, as well as preparations for Washington's new tariffs and Iraq's resumption of oil exports from the Kurdistan region, both oil prices have overall declined and closed lower for the first time in three months. WTI crude oil briefly rose above $70 in the late trading session, but failed to stabilize at this level, ultimately closing down 0.29% at $69.74 per barrel; Brent crude oil closed down 0.45% at $72.96 per barrel.