The outlook for the US economy has deteriorated, and the US dollar fell last Friday Driven by safe haven demand, gold prices are expected to hit historic highs again
Last Friday, amid concerns of an economic recession in the United States
Last Friday, amid concerns of an economic recession in the United States, the market focused more on expenditure data rather than inflation data. The US dollar index fell instead of rising despite favorable PCE data, ultimately closing down 0.26% at 104.01. The benchmark 10-year US Treasury yield closed at 4.2390%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 3.9220%. Gold prices hit a record high last Friday, as US President Trump's latest tariff policies raised concerns about a global trade war, prompting investors to flock to safe haven assets. Spot gold climbed 0.9%, reaching its 18th record high of $3086.66 this year. Last week, it rose by 2.02%, marking the fourth consecutive week of increase. Due to concerns that the US tariff war may trigger a global economic recession, international oil prices have rebounded. WTI crude oil closed down 1.25% at $68.97 per barrel; Brent crude oil closed down 1.23% at $72.40 per barrel.