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US economic growth outlook under pressure as the dollar falls Tuesday; gold hits a one-week low.

CWG Markets | 2025-02-26 14:32

Abstract:On Tuesday, due to the weak US consumer confidence index, the US dollar index fell slightly, but still remained above the 106 level, ultimately closing down 0.36% at 106.28. The US Treasury yield has

On Tuesday, due to the weak US consumer confidence index, the US dollar index fell slightly, but still remained above the 106 level, ultimately closing down 0.36% at 106.28. The US Treasury yield has closed down for six consecutive trading days, with the benchmark 10-year US Treasury yield closing at 4.301%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.096%. On Tuesday, gold prices fell to $2888.14 per ounce, a new low since February 18th. After several days of resistance to rising gold prices, some bulls took profits, dragging down the performance of gold prices. In addition, the United States and Ukraine have reached an agreement on the terms of a mineral agreement draft, and US President Trump is seeking a quick end to the war between Ukraine and Russia, which is also suppressing the demand for safe haven gold. Due to weak economic data from the United States and Germany, concerns about a slowdown in energy demand have intensified in the market. At the same time, some countries have also indicated that oil production is expected to increase, resulting in a drop of over 2% in both oil prices. WTI crude oil began to decline during the European trading session and accelerated its decline in the US market, falling below the $70 mark and ultimately closing down 2.56% at $69.00 per barrel; Brent crude oil closed down 2.43% at $73.13 per barrel.

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CWG Markets
Company name:CWG Markets Ltd
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Website:https://www.cwgplatform.com/
5-10 years | Regulated in United Kingdom | Regulated in South Africa | Regulated in Vanuatu
Score
8.69

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