The market remains cautious, with the US dollar slightly rising on Monday Gold prices surge by over $40, reaching a new weekly high

On Monday (August 12th), the US dollar index fluctuated above the 103 level, ultimately falling slightly by 0.031% to 103.13; The rise in US Treasury bonds has driven down yields, with the benchmark 10-year US Treasury yield closing at 3.918% and the two-year US Treasury yield, which is more sensitive to monetary policy, closing at 4.038%.

Gold prices rose over $40 on Monday (August 12), closing at $2471.89 per ounce, driven by safe haven inflows. Additionally, traders are waiting for this week's US inflation data, which may provide more information on the Federal Reserve's path to rate cuts.

On Monday (August 12th), international oil prices surged due to concerns about oil supply disruptions caused by Iran's imminent retaliation against Israel. WTI crude oil ultimately closed up 3.35% at $79.58 per barrel; Brent crude oil ultimately closed up 2.89% at $82 per barrel.