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US tariffs hit markets, USD falls, gold nears $3060 high.

CWG Markets | 2025-03-28 14:09

Abstract:On Thursday, due to the uncertain outlook brought by Trumps tariff policies to the US economy, the US dollar index maintained a downward trend throughout the day, ultimately closing down 0.37% at 104.

On Thursday, due to the uncertain outlook brought by Trump's tariff policies to the US economy, the US dollar index maintained a downward trend throughout the day, ultimately closing down 0.37% at 104.28. The benchmark 10-year US Treasury yield closed at 4.3660%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.0020%. Gold prices climbed to a historic high of 3059.35 on Thursday, as investors sought safe haven assets amid escalating global trade tensions and a stock market crash, following US President Trump's announcement of new car tariffs Due to investors still evaluating the tightening of crude oil supply and the expected impact of new US tariffs on the world economy, international oil prices fluctuated narrowly, and WTI crude oil ultimately closed slightly lower by 0.05%, at $69.84 per barrel; Brent crude oil closed down 0.96% at $73.30 per barrel.

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