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Last Friday, the US dollar index briefly fell below the 109 level during trading, but quickly regained all lost ground and turned up, ultimately closing up 0.44
Last Friday, the US dollar index briefly fell below the 109 level during trading, but quickly regained all lost ground and turned up, ultimately closing up 0.44% at 109.42. However, the weekly line still closed down, ending its six week streak of gains. The yield on US Treasury bonds rose slightly, with the benchmark 10-year yield closing at 4.630%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.291%. Last Friday (January 17), gold prices were suppressed by the rise of the US dollar. US housing and industrial output data were stronger than market expectations, helping US bond yields rebound after hitting a nearly two-week low. The US dollar index also stabilized and rebounded, and gold prices moved away from hitting a more than one month high last Thursday. However, the weekly gold price still rose 0.5%, closing at $2702.35 per ounce. The uncertainty of US President Trump's policies and bets on further interest rate cuts reignited, helping gold prices to rise for three consecutive weeks. On Monday, Trump's inauguration ceremony will be held, and he may announce a series of new policies that investors need to pay close attention to.
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