Trump expects the Federal Reserve to "significantly cut interest rates," and the US dollar rose slightly last Friday; Gold prices remain stable at high levels, awaiting Federal Reserve decision

15 Sep, 2025

Last Friday, as the market waited for the Federal Reserve's interest rate decision on Thursday, the US dollar index showed an overall volatile trend

Last Friday, as the market waited for the Federal Reserve's interest rate decision on Thursday, the US dollar index showed an overall volatile trend, ultimately closing slightly up 0.12% at 97.62. The benchmark 10-year US Treasury yield closed at 4.0700%, and the 2-year US Treasury yield closed at 3.5620%. Last Friday, international gold prices only rose slightly by 0.26% to close at $3643.21 per ounce, but this figure is only one step away from the peak of $3674 set earlier last week. The driving force behind it is the signal light of the weak US labor market, which solidifies the expectation that the Federal Reserve will usher in its first interest rate cut of the year this week. The survey shows that most analysts still tend to be bullish on the future of gold, with some institutions bullish above $3900. The drone attack in Ukraine has caused the largest port in western Russia to suspend loading, leading to an increase in international oil prices. WTI crude oil surged and fell back, ultimately closing up 0.58% at $62.59 per barrel; Brent crude oil ultimately closed up 0.83% at $66.87 per barrel.

 

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