Firmly betting on the Federal Reserve's interest rate cut this month, the US dollar rebounded sharply on Tuesday, and gold prices hit a new historical high, with the price of the sword at $3550

03 Sep, 2025

On Tuesday, the US dollar index closed up for the first time in six trading days due to long-term yields putting pressure on non US currencies such as the pound and yen

On Tuesday, the US dollar index closed up for the first time in six trading days due to long-term yields putting pressure on non US currencies such as the pound and yen, ultimately closing up 0.66% at 98.327. US Treasury yields have generally risen, with the benchmark 10-year Treasury yield closing at 4.263% and the 2-year Treasury yield sensitive to the Federal Reserve policy rate closing at 3.652%. On Wednesday (September 3, Beijing time), in the morning session of the Asian market, spot gold traded around $3530 per ounce, with gold prices hitting a record high of $3539.88 per ounce on Tuesday. Investors' confidence in the Federal Reserve's interest rate cut continues to strengthen, and with political and economic risks lingering, investors are flocking to the gold market. With the latest round of sanctions imposed by the United States on Iranian oil exports and OPEC+not expected to cancel remaining voluntary production cuts this week, international crude oil continues to rise. WTI crude oil remained above the $65 mark, ultimately closing up 1.46% at $65.37 per barrel; Brent crude oil ultimately closed up 1.38% at $69 per barrel.

 

x

WARNING and please be advised:

It has come to our attention that a number of unauthorised firms /individuals have cloned our website content, logo and social media pages of CWG Markets Limited. Please be advised that these unauthorised firms have also been contacting consumers via various messaging apps such as WhatsApp, Facebook, Wechat.It should be noted that there is no connection whatsoever between the CWG Markets Limited, an authorised firm, and the unauthorised entities/ individuals that have cloned our details. If you’ve been scammed or contacted by an unauthorised firm / individuals – or a firm you suspect is not legitimate – you can report to us [email protected]

CFDs (Contract For Difference) are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks and take appropriate care to manage your own risk. Please read our Risk Disclosure carefully.