Driven by safe haven demand, the US dollar rose on Monday The gold prices waited for a new catalyst

On Monday, the US dollar index continued to hover at a two-year high due to market expectations that Trump would relax regulations
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On Monday, the US dollar index continued to hover at a two-year high due to market expectations that Trump would relax regulations, cut taxes, increase tariffs, and tighten immigration policies after taking office, ultimately closing up 0.05% at 108.06. The benchmark 10-year US Treasury yield closed at 4.5430%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.2600%.

On December 31st Beijing time, spot gold trading was around 2604.26. Prior to the New Year holiday, market trading was light, and traders were waiting for new catalysts, including next week's US economic data, which could affect the Fed's interest rate outlook for 2025 and the policies of incoming President Trump.

Despite light trading at the end of the year, oil prices rose slightly, with WTI crude oil ultimately closing up 1.30% at $70.09 per barrel; Brent crude oil closed up 1.11% at $74.07 per barrel.

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