Driven by optimistic market expectations, the US dollar fell significantly on Wednesday Gold prices continued to break historical highs

03 Apr, 2025

On Wednesday, the US economic outlook was hit by Trump's announcement of global equivalent tariffs

On Wednesday, the US economic outlook was hit by Trump's announcement of global equivalent tariffs, and the US dollar index closed down 0.49% at 103.73. The benchmark 10-year US Treasury yield closed at 4.1270%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 3.8630%. On April 3rd, spot gold rose and once again broke the historical high of around 3159.44; Due to Trump's announcement of "equivalent tariffs" measures, the market is in a tense state for the foreseeable future, and the demand for safe haven has increased. After Trump's tariff policy was announced, international oil prices plummeted sharply, from rising to falling. WTI crude oil ultimately closed down 0.58% at $70.65 per barrel; Brent crude oil closed down 1.52% at $73.63 per barrel.

 

x

WARNING and please be advised:

It has come to our attention that a number of unauthorised firms /individuals have cloned our website content, logo and social media pages of CWG Markets Limited. Please be advised that these unauthorised firms have also been contacting consumers via various messaging apps such as WhatsApp, Facebook, Wechat.It should be noted that there is no connection whatsoever between the CWG Markets Limited, an authorised firm, and the unauthorised entities/ individuals that have cloned our details. If you’ve been scammed or contacted by an unauthorised firm / individuals – or a firm you suspect is not legitimate – you can report to us [email protected]

CFDs (Contract For Difference) are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks and take appropriate care to manage your own risk. Please read our Risk Disclosure carefully.