Fed signals no more cuts; USD rises. Gold hits 4-week high before payroll report.
On Thursday, the US dollar index strengthened for three consecutive days as Trump was expected to impose tariffs on trading partners after taking office, ultimately closing up 0.14% at 109.17. The benchmark 10-year US Treasury yield closed at 4.6880%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.2720%.
On Friday (January 10th Beijing time), spot gold trading was around $2670.27 per barrel. Gold prices rose to their highest level in nearly four weeks on Thursday, supported by safe haven demand, while investors were also weighing the impact of US President elect Trump's policies on the economy and inflation.
Due to the colder than normal winter this year, global oil demand is expected to remain strong. WTI crude oil ultimately closed up 1.36% at $74.25 per barrel; Brent crude oil closed up 1.42% at $77.21 per barrel.
Crypto: slight rebound within a bear market
Stocks perk up on Fed optimism, metals jump as dollar struggles
USD Softens as Rate-Cut Bets Rise; Pound Falls, Yen Firms, Oil Rebounds | 12th December 2025
The euro is on the edge of its seat
EBC Markets Briefing | Dow hits record; Visa and Mastercard upgraded
EUR/USD Surges on Dovish Fed Signals and Shifting Expectations
DNA Markets - Daily Fundamental Analysis Report, 12 December
