Non farm employment data is better than expected, the US dollar index rebounded after a sharp decline last Friday The continued decline in the stock market dragged gold prices below the $3000 mark
Last Friday, as investors continued to weigh the impact of US tariffs on global trade and the economy
Last Friday, as investors continued to weigh the impact of US tariffs on global trade and the economy, the US dollar index rebounded slightly and briefly returned above the 103 level, ultimately closing up 0.89% at 102.93. The benchmark 10-year US Treasury yield closed at 4.009%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 3.662%. On Monday (April 7th) morning trading in the Asian market, spot gold continued its downward trend, briefly falling below the 3000 integer mark and hitting a new low since March 13th at $2976.97 per ounce. Due to rising international trade concerns, US stock index futures continued to plummet, and Japanese, Australian, and New Zealand stock markets also followed suit. Investors continued to sell gold to make up for their losses in the broader market collapse. Last Friday, the European and American stock markets fell sharply, and investors had already sold off gold, causing spot gold to drop 2.47% and close at $3036.98 per ounce. International oil prices continue to plummet due to tariffs and investors' expectations of a higher likelihood of the United States falling into an economic recession. WTI crude oil ultimately closed down 6.39% at $62.08 per barrel; Brent crude oil closed down 5.58% at $65.71 per barrel. Last week, Brent crude oil prices fell by 10.9%, marking the largest weekly decline in a year and a half, while WTI crude oil prices fell by 10.6%, marking the largest weekly decline in two years.