The demand for safe haven decreased, and the US dollar rebounded slightly on Tuesday The gold price remained stable around $3310

30 Apr, 2025

On Tuesday, supported by hopes of a US trade agreement, the US dollar index fluctuated higher, returning above the 99 level and ultimately closing up 0.28% at 99.21.

On Tuesday, supported by hopes of a US trade agreement, the US dollar index fluctuated higher, returning above the 99 level and ultimately closing up 0.28% at 99.21. The yield on US Treasury bonds plummeted after poor performance in US economic data, with the benchmark 10-year yield closing at 4.181%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 3.656%. On Wednesday (April 30th Beijing time), spot gold traded around 3312, as signals of easing trade tensions reduced some safe haven demand. Prices have recently stabilized around 3310, while investors are waiting for key economic data for this week to assess the Federal Reserve's policy outlook Due to signs of pressure from US economic data hitting the demand outlook, international crude oil prices have plummeted. WTI crude oil continued to fall, breaking through the 61 and 60 levels consecutively, and finally closed down 2.84% at $59.93 per barrel, hitting a new low in nearly three weeks; Brent crude oil closed down 2.48% at $63 per barrel.

 

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