The US steel and aluminum tariffs have begun to be implemented, and the US dollar rebounded at a low level on Wednesday Gold prices continue to rise by nearly $20, or approach historical highs again

13 Mar, 2025

On Wednesday, the US dollar index fluctuated sideways, still hovering at a 5-month low, and finally closed up 0.184% at 103.58.

On Wednesday, the US dollar index fluctuated sideways, still hovering at a 5-month low, and finally closed up 0.184% at 103.58. The yield of US Treasury bonds fell sharply in the short term after the release of CPI data, and then quickly rose, with the benchmark 10-year US Treasury yield closing at 4.315%; The two-year US Treasury yield, which is more sensitive to monetary policy, hit the 4% mark during trading and ultimately closed at 3.991%. Due to the slowdown in consumer price growth in the United States in February, the Federal Reserve is expected to resume interest rate cuts in June. In addition, after Trump began imposing metal tariffs, Europe retaliated and safe haven demand once again provided upward momentum to gold prices, helping them rise nearly $20 on Wednesday. The intraday high reached $2940.34 per ounce, slightly lower than the historical high of $2956.01, and closed at $2933.18 per ounce. Due to US government data showing tighter than expected oil and gas inventories, international oil prices continue to rebound. WTI crude oil reached a high of $67.56 per barrel and ultimately closed up 1.66% at $67.41 per barrel; Brent crude oil recovered from the 70 mark and ultimately closed up 1.55% at $70.72 per barrel.

 

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