USD rose; Fed warned of recession, lifting gold.

On Wednesday, the US dollar index rose for the second day in a row, closing 0.3% higher at 99.89 after approaching the 100 mark in the session, as the market's pessimism towards the US economy declined and the demand for Japan's 40 year treasury bond bond auction was weak. The benchmark 10-year US Treasury yield closed at 4.483%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.00%. On Thursday (May 29, Beijing time), spot gold traded near 3285 as investors evaluated the minutes of the Federal Reserve's May meeting, which pointed out that the risks of inflation and economic recession are increasing day by day, enhancing the attractiveness of gold as a safe haven asset in a still volatile global economic environment. Due to OPEC+maintaining production levels and US authorities banning Chevron from exporting Venezuelan crude oil, oil prices have rebounded. WTI crude oil briefly returned above $62 in the market, but later gave up some of the gains, ultimately closing up 1.19% at $61.58 per barrel; Brent crude oil closed up 0.93% at $64.29 per barrel.