US dollar fell Friday, while rising bond yields capped gold gains.
Last Friday, due to the uncertainty of the upcoming Trump administration's policies, the US dollar index remained volatile and ultimately closed down 0.06% at 108.03. US Treasury yields rose across the board, with the two-year bond yield closing at 4.3340% and the 10-year bond yield closing at 4.6300%.
The gold price closed down 0.48% last Friday, closing at 2620.96 US dollars/ounce, barely above the 100 day average of 2616.01. As the yield of US treasury bond bonds rose, the appeal of non yield gold was weakened in the scarce trading during the holiday. The market focused on the return of President elect Trump and the potential impact of his inflation stimulating policies on the prospects of the Federal Reserve in 2025.
Due to a greater than expected decrease in US crude oil inventories, WTI crude oil ultimately closed up 0.81% at $69.61 per barrel; Brent crude oil closed up 0.73% at $73.36 per barrel.
The funeral for Gold has been postponed
Forex anticipates the end of the shutdown
Forex anticipates the end of the shutdown
Forex anticipates the end of the shutdown
Forex anticipates the end of the shutdown
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