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Improved sentiment weakened the US dollar, boosting gold and pressuring oil.
Abstract:On Wednesday, as market sentiment improved, the US dollar lost its strength. The US dollar index closed down 0.01% at 97.67; With the recovery of risk appetite and the rise of stock market weakening t
On Wednesday, as market sentiment improved, the US dollar lost its strength. The US dollar index closed down 0.01% at 97.67; With the recovery of risk appetite and the rise of stock market weakening the demand for safe haven assets, the yield of US treasury bond bonds continued to rise. The benchmark 10-year Treasury yield closed at 4.056%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 3.475%. On Wednesday, spot gold prices rose 0.4% to close at around $5164 per ounce, with a surge of 1.5% reaching a high of $5217.63 during trading. As a result of the combined pressure of tariff inflation and geopolitical clouds, investors flocked to gold, a traditional safe haven asset, seeking refuge against uncertainty. International oil prices are under pressure, and OPEC+representatives expect the organization to resume a slight increase in production. Two sources said that Saudi Arabia is developing plans to increase oil production and significantly increase exports in the short term in the event of a US attack on Iran. WTI crude oil closed down 0.76% at $65.56 per barrel; Brent crude oil closed down 0.28% at $70.87 per barrel.
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