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Federal Reserve officials' dovish stance suppresses US dollar decline on Thursday The gold price rises to over a month high
On Thursday, due to an unexpected drop in "terrifying data", the US dollar index weakened slightly, hovering around the 109 level, and finally closed down 0.15% at 108.94. US Treasury yields continue to decline, with the benchmark 10-year US Treasury yield closing at 4.617%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.234%.
Gold prices rose to a more than month high on Thursday, reaching as high as $2724.61 per ounce during trading, not far from the over two month high of $2726.05 reached on December 12, closing at $2714.49 per ounce. The latest US economic data further lowered US bond yields, and core inflation data weakened this week, increasing market bets on a more dovish Federal Reserve policy.
Due to investors' expectation that the geopolitical situation in the Middle East will temporarily calm down, crude oil prices have fallen slightly. WTI crude oil fell to a intraday low of $76.86 at one point, and ultimately closed down 1.58% at $77.81 per barrel; Brent crude oil closed down 1.44% at $80.39 per barrel.
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