The weak economic data in the United States strengthens the bet on interest rate cuts, the US dollar fell and consolidated on Wednesday, and gold prices continued to hit historical highs
On Wednesday, the US dollar index fluctuated above the 98 level, and the US stock market fell sharply after job vacancy data showed weak corporate recruitment
On Wednesday, the US dollar index fluctuated above the 98 level, and the US stock market fell sharply after job vacancy data showed weak corporate recruitment, ultimately closing down 0.19% at 98.142. The yield of US Treasury bonds generally fell, with the benchmark 10-year yield closing at 4.221% and the 2-year yield sensitive to the Federal Reserve policy rate closing at 3.625%. The weak employment data released by the United States further strengthened expectations of a rate cut by the Federal Reserve this month, driving gold prices to rise for seven consecutive trading days and reach a historic high. This is not only a short-term fluctuation, but also a comprehensive reflection of macroeconomic pressure and monetary policy shift. The strong performance of gold prices not only reflects investors' concerns about the US labor market, but also highlights the dual impact of global trade frictions and inflation risks. Due to reports that OPEC+will consider increasing oil production again at its meeting on Sunday, international crude oil prices plummeted on the news. WTI crude oil fell below the $64 mark and ultimately closed down 2.78% at $63.55 per barrel; Brent crude oil ultimately closed down 2.49% at $67.28 per barrel.