Fed candidate Walsh is hawkish; USD Index down 0.34%, Gold up nearly 4%.

Last Friday, the US dollar index fell from a two-week high and accelerated its decline before the US market, ultimately closing down 0.29% at 97.678; The benchmark 10-year Treasury yield closed at 4.208%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 3.5%. After experiencing a sharp drop of 3.9% on the previous day's "Dark Thursday", spot gold staged a fierce counterattack last Friday, soaring nearly 4% in a single day. The spot price once approached $4955 per ounce, and the weekly line stubbornly closed higher. On Monday (February 9th) morning trading in the Asian market, spot gold continued its upward trend, rising 1.7% to 5046.15 yuan/ounce as of 07:50. Behind it lies a subtle shift in the US dollar index, the flickering of the Middle East geopolitical "powder keg" fuse, and the chaotic interweaving of global central bank policy paths. Due to indirect negotiations between Iran and the United States in Oman failing to significantly curb investors' concerns about a military conflict between the two countries, international crude oil prices have remained in a range of fluctuations. WTI crude oil hit the $64 mark twice during trading, but then fell back and ultimately closed up 0.59% at $63.53 per barrel; Brent crude oil closed up 0.74% at $67.54 per barrel.