The US dollar rose slightly on Tuesday, with uncertain impact of Trump tariffs The gold prices rising to a two month high
On Tuesday, as the market struggled with uncertainty over Trump's tariff policies, the US dollar index rose first and then fell, reaching a intraday high of 108.78 before giving up all its gains and turning downwards, ultimately closing down 0.1% at 107.97. The yield of US Treasury bonds has declined, with the benchmark 10-year yield closing at 4.582%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.283%.
On Wednesday (January 22), spot gold fluctuated narrowly at a high level in the Asian market, currently trading around $2743.70 per ounce. Gold prices surged 1.39% on Tuesday, reaching a new high of $2745.83 per ounce in over two months and closing at $2744.59 per ounce. Supported by the weakening of the US dollar and the uncertainty of potential tariffs imposed by US President Trump, the market is flocking to safe haven gold.
Due to Trump's announcement of a national energy emergency on his first day in office, which sparked concerns in the market about an increase in US production, the two oil prices fluctuated downward. At one point, WTI crude oil fell to a intraday low of $74.92, but then rebounded and ultimately closed down 0.59% at $75.74 per barrel; Brent crude oil closed down 0.56% at $78.63 per barrel.
EBC Markets Briefing | Japanese stocks remain in the doldrums
Dollar fights an uphill battle amidst mounting tariff pressure
USDJPY bulls regain control ahead of FOMC minutes
ATFX Market Outlook 9th July 2025
EBC Markets Briefing | Gold languishes on US optimism
Gold Drops Below $3,300 as Fed Rate Forecasts Shift
Oil and Copper Surge as Geopolitical and Trade Risks Escalate | 9th July, 2025
