DXY slumps to 1-week low; spot gold up 2%, settles near $5,059.

On Monday, the US dollar index showed a sluggish trend, falling to a one week low and ultimately closing down 0.91% at 96.79; The yield of US Treasury bonds generally fell, with the benchmark 10-year yield closing at 4.204% and the 2-year yield sensitive to the Federal Reserve policy rate closing at 3.487%. On Monday (February 9th), spot gold rose 2% and closed around $5059; On Tuesday (February 9th), the Asian market experienced a sharp decline in early trading, plummeting over $70 at one point to around $4987 per ounce, before quickly rebounding and currently trading around $5030 per ounce. Overall, the decline of the US dollar, geopolitical uncertainty, and continued central bank purchases continue to provide support for gold prices. This week, multiple key economic data from the United States will be released, and investors need to pay attention to changes in market expectations for the Federal Reserve's interest rate cuts. International crude oil opened low and rose high as the United States warned ships flying the US flag to stay as far away from Iranian waters as possible when sailing in the Strait of Hormuz. WTI crude oil accelerated its rise in the US market, ultimately closing up 1.45% at $64.45 per barrel; Brent crude oil closed up 1.71% at $68.70 per barrel.