US economic data better than expected The US dollar rose on Thursday, while gold plummeted by nearly 90 dollars

On Thursday (May 23), the US dollar index continued to rebound to a new high for the week, breaking through the 105 mark and rising 0.17% on the same day, ultimately closing at 105.11.

Gold prices continued their decline on Thursday (May 23), hitting a new low of $2326.90 per ounce since May 9, closing at $2328.35 per ounce. In the past two trading days, the cumulative decline has exceeded $90. US initial unemployment claims data showed strong performance, and investors are concerned about the timing of US interest rate cuts and the strong performance of US corporate activity.

Oil prices fell for the fourth consecutive day on Thursday (May 23) due to market concerns that if inflation surged, US borrowing costs could rise again, which could harm oil demand.