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USD index up, then down, new high since Dec 10. Geopolitical risks lift gold to 1-week high.
Abstract:On Monday, the US dollar index first rose and then fell, hitting a new high since December 10th last year during trading. However, it continued to decline during the US trading session and ultimately
On Monday, the US dollar index first rose and then fell, hitting a new high since December 10th last year during trading. However, it continued to decline during the US trading session and ultimately closed down 0.107% at 98.32; The yield of US Treasury bonds generally fell, with the benchmark 10-year yield closing at 4.166% and the 2-year yield sensitive to the Federal Reserve policy rate closing at 3.463%. On Tuesday morning (January 6th Beijing time), spot gold traded around $4454 per ounce in the Asian market. Gold prices climbed to a one week high on Monday, and precious metals such as silver and platinum also strengthened across the board; Driven by the geopolitical risks posed by the US military action against Venezuela. Due to the uncertainty brought to the future of the world's largest crude oil reserve by the United States' "flash strike" action against Venezuela, international crude oil prices have fluctuated higher. WTI crude oil jumped short and opened low, with a V-shaped reversal during the session, returning to above the $58 mark and ultimately closing up 1.64% at $58.15 per barrel; Brent crude oil ultimately closed up 1.61% at $61.71 per barrel.
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