The outlook for US economic growth has deteriorated, with the US dollar falling on Monday Geopolitical tensions supporting gold prices

18 Mar, 2025

On Monday, due to lower than expected retail sales data in the United States, the US dollar index plunged during trading and ultimately closed down 0.288% at 103.4.

On Monday, due to lower than expected retail sales data in the United States, the US dollar index plunged during trading and ultimately closed down 0.288% at 103.4. The yield of US Treasury bonds fluctuated, with the benchmark 10-year bond yield closing at 4.306%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.057%. Gold prices rose 0.43% on Monday, closing above the 3000 mark for the first time in history at $3000.83 per ounce. The weaker than expected "terror data" from the United States has intensified market concerns about a US economic recession, while the continued US airstrikes on Yemen have raised concerns about the Red Sea situation, providing safe haven support for gold prices; However, due to US President Trump's plan to have a phone call with Russia's Putin on Tuesday to discuss ending the Ukraine war, many are still hesitant. With the United States heavily targeting the Houthis and Chinese economic data boosting demand expectations, international oil prices continue to rise. WTI crude oil once hit the 68 mark and ultimately closed up 0.48% at $67.24 per barrel; Brent crude oil closed up 0.64% at $70.65 per barrel.

 

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