Trump's Greenland shift hit the dollar, gold topped $4900.

On Thursday, after Trump's reversal of his stance on Greenland, the US dollar index fell throughout the day and ultimately closed down 0.48% at 98.31; The benchmark 10-year Treasury yield ultimately closed at 4.246%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 3.610%. The spot gold price broke through the $4900 per ounce mark for the first time on Thursday and continued to set new historical highs until reaching a high of $4960.43 per ounce in early Asian trading on Friday. This surge not only drove precious metals such as silver and platinum to record highs, but also reflected the market's strong reaction to geopolitical uncertainty, the weakness of the US dollar, and the loose policies of the Federal Reserve. As a traditional safe haven asset, gold stands out in the current complex international environment and has become the focus of investors' pursuit. Goldman Sachs has raised its gold price forecast to $5400 per ounce. Trump downplays threats to Greenland and Iran, leading to a decline in international oil prices. WTI crude oil ultimately closed down 1.7% at $59.61 per barrel; Brent crude oil ultimately closed down 1.42% at $64.40 per barrel.