The imposition of tariffs has suppressed the growth prospects of the US economy, and the US dollar index fell sharply on the 4th Gold prices have surged over $20 again, do bears still have a chance?
On Tuesday, the US dollar index continued to decline and fell near the 105 level, ultimately closing down 0.93% at 105.56.
On Tuesday, the US dollar index continued to decline and fell near the 105 level, ultimately closing down 0.93% at 105.56. The yield of US Treasury bonds has rebounded significantly, with the benchmark 10-year yield closing at 4.248%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.005%. Due to the agreement between German conservatives and the Social Democratic Party to establish a 500 billion euro infrastructure fund and reform lending rules to increase defense spending, the euro rose 1% against the US dollar, reaching a three-month high. Against the backdrop of escalating trade conflicts following US President Trump's imposition of new tariffs, the US dollar weakened to a near three-month low and increased demand for safe haven, driving gold prices up 0.84% (about $24) to $2917.56 per ounce on Tuesday, with a intraday high of $2927.66 per ounce, marking two consecutive trading days of gains. Due to OPEC+confirming an increase in production in April and the impact of Trump's tariff policies on crude oil demand, the two oil companies have continued their downward trend. WTI crude oil continued to decline during the day and fell to a intraday low of $66.53, ultimately closing down 0.67% at $67.78 per barrel; Brent crude oil closed down 0.54% at $71 per barrel.