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Safe-haven demand rises, boosting the US dollar; nearing Gaza ceasefire limits gold price gains.
On Tuesday, as traders awaited the results of the Federal Reserve's last policy meeting of the year, the US dollar index remained volatile at a high level, ultimately closing up 0.088% at 106.95. The yield of US Treasury bonds remained basically unchanged, hitting a one month high during trading. The yield of two-year US Treasury bonds closed at 4.266%, and the yield of 10-year US Treasury bonds closed at 4.403%. Gold prices came under slight pressure on Tuesday as the US retail sales rate in November was stronger than market expectations, strengthening the possibility of the Federal Reserve releasing hawkish signals, although there were still some bargain hunting buying to support gold prices. The Federal Reserve's interest rate meeting has begun on Tuesday, and this is the Fed's last policy meeting of the year. Analysts believe that the Fed may release a more gradual signal of interest rate cuts. The survey shows that US bond yields are expected to rise for the second consecutive month. Due to concerns over demand caused by economic data from the world's largest oil consuming country, the two oil prices fell for the second consecutive trading day. WTI crude oil fell more than 2% at one point, and the final decline narrowed to 0.65%, at $69.79 per barrel; Brent crude oil closed down 0.77% at $73.05 per barrel.
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