Risk appetite rose, USD up, gold fluctuated, focus on geopolitics and initial claims.

On Wednesday, due to the Christmas holiday, trading of precious metals, US oil, foreign exchange, stock index futures contracts under CME, as well as Brent crude oil futures contracts under ICE, were suspended for the whole day.

On Wednesday, due to the Christmas holiday, trading of precious metals, US oil, foreign exchange, stock index futures contracts under CME, as well as Brent crude oil futures contracts under ICE, were suspended for the whole day.

On Thursday (December 26th Beijing time), due to the Christmas holiday, the market trading was light. The Nikkei index closed higher on Wednesday after recovering from its initial decline, driven by the rise in the automotive sector. However, trading was mainly dominated by retail investors who repurchased low-priced stocks in many global markets due to holiday closures. The Nikkei index closed up 0.24% at 39130.43 points.

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The Dollar Index remained flat as markets slowed down for Christmas, with limited economic data revealing continued contraction in the US manufacturing sector. Gold prices stayed stagnant during thin holiday trading, weighed down by the Fed's cautious stance on reducing borrowing costs, keeping a bearish tone in the market.
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