Market expectations for the US economy have improved, with the US dollar rising on Monday Gold prices once again approaching the $3000 mark
On Monday, the US dollar index returned to the 104 mark and ultimately closed up 0.16% at 104.31, as data showed a rebound in US business activity in March.
On Monday, the US dollar index returned to the 104 mark and ultimately closed up 0.16% at 104.31, as data showed a rebound in US business activity in March. The benchmark 10-year US Treasury yield closed at 4.3460%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.0430%. Gold prices fell 0.4% on Monday, dropping to $3002.43 per ounce during trading and closing at $3011.86 per ounce. The US dollar hit its highest level in over two weeks, prompting more gold bulls to take profits. Investors also evaluated US President Trump's more cautious stance on imposing tariffs on trading partners. Due to Trump's statement that he will impose a 25% tariff on countries that purchase oil and natural gas from Venezuela, international oil prices continue to rise. WTI crude oil ultimately closed up 1.25% at $69.10 per barrel; Brent crude oil closed up 1.22% at $73.01 per barrel.