The US dollar fell slightly on Wednesday, supported by safe haven fund flows The gold prices hit their best single day performance in a year and a half

10 Apr, 2025

On Wednesday, the US dollar index fell first and then rose. It fell 1% at one point during the day

On Wednesday, the US dollar index fell first and then rose. It fell 1% at one point during the day, but after Trump announced a 90 day suspension of tariffs, it briefly rose above the 103 level and eventually closed almost flat at 102.96. The benchmark 10-year US Treasury yield closed at 4.356%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 3.93%. On Thursday (April 10th Beijing time), spot gold trading was around 3082.45, with gold prices climbing more than 2% on Wednesday, marking the best single day performance since October 2023. Supported by safe haven capital flows, trade tensions escalated. International oil prices experienced a sharp decline and skyrocketing trend within the day. WTI crude oil first fell by over 4% and fell below $55 in the market, but with the help of Trump, it strongly reversed and regained all losses of the day, rising 8% at one point, and finally closed up 8.05% at $62.21 per barrel; Brent crude oil closed up 6.7% at $65.44 per barrel.

 

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