Investors are bearish on the US dollar, which fell nearly 2% on Thursday Gold prices hit a new historical high approaching $3200

11 Apr, 2025

On Thursday, the US dollar index continued to decline during the day

On Thursday, the US dollar index continued to decline during the day, dropping more than 2% at one point to near the 100 mark, and finally closed down 1.97% at 100.93. Non US currencies surged, with the Swiss franc rising nearly 4%, the euro and yen rising over 2%, and the benchmark 10-year US Treasury yield closing at 4.36%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 3.883%. Gold prices surged nearly 3% on Thursday (April 10th), with spot gold closing at $3175.32 per ounce, setting a record high; On Friday (April 11th) morning trading in the Asian market, spot gold slightly rose, reaching a high of $3180.94 per ounce as of 06:26, once again breaking historical highs. The unexpected slowdown in US inflation dragged down the US dollar, and the ongoing international trade war continued to drive investors towards safe haven gold. Due to investors reassessing the US plan to suspend comprehensive tariffs, the two oil companies wiped out most of Wednesday's gains. WTI crude oil continued to rise within the day and once again fell below the $60 mark, ultimately closing down 3.83% at $59.83 per barrel; Brent crude oil closed down 3.3% at $63.28 per barrel.

 

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