US data improves, US index rebounds But gold is still hovering high

On Thursday (August 29th), the US dollar index continued its upward trend yesterday, closing up 0.34% at 101.38 due to higher than expected quarter on quarter GDP growth and a decrease in initial jobless claims. The benchmark 10-year US Treasury yield closed at 3.8650%; The two-year US Treasury yield, which is more sensitive to monetary policy, ultimately closed at 3.9020%.

On Thursday, August 29th, international oil prices surged as sources reported that Iraq would reduce production and exports in September. WTI crude oil ultimately closed up 2.18% at $75.95 per barrel; Brent crude oil ultimately closed up 1.76% at $78.75 per barrel.