Market sentiment improved, with the US dollar rising sharply on Wednesday The gold prices plummeting nearly 3%

24 Apr, 2025

On Wednesday, as Trump and Besant released optimistic signals in trade negotiations

On Wednesday, as Trump and Besant released optimistic signals in trade negotiations, the US dollar index continued to rebound, ultimately closing up 0.932% at 99.9. The yield of US Treasury bonds fluctuated, with the benchmark 10-year bond yield closing at 4.393%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 3.885%. The gold price continued its downward trend from a record high on Wednesday, falling nearly 3% and hitting a low of $3260.08 per ounce, closing at $3288.18 per ounce. Earlier, US President Trump stated that he did not intend to dismiss the Fed chairman and hinted at progress on tariffs. Investors' appetite for risk assets improved, and the US dollar and US stocks rebounded, suppressing the gold price. After the gold price was blocked from falling at the 3500 level, more short-term long profit taking also dragged down the gold price. After sources reported that OPEC+would consider accelerating its oil production growth in June, international crude oil prices plummeted, but the easing of trade tensions limited its decline. WTI crude oil hit a low of $61.4 per barrel and ultimately closed down 2.02% at $62.13 per barrel; Brent crude oil closed down 1.81% at $65.24 per barrel.

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