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Dollar up on macro data; gold dips from 4-week high.

CWG Markets | 2025-06-04 17:11

Abstract:On Tuesday, as Trump urged trading partners to come up with a solution, the US dollar index rebounded from a six week low and ultimately closed up 0.58% at 99.267. Due to data showing a good job marke

On Tuesday, as Trump urged trading partners to "come up with a solution," the US dollar index rebounded from a six week low and ultimately closed up 0.58% at 99.267. Due to data showing a good job market in the United States, the yield of US Treasury bonds has reversed in a V-shaped pattern, with the benchmark 10-year bond yield closing at 4.47% and the 2-year bond yield closing at 3.963%. Spot gold prices fell 0.83% on Tuesday, closing at $3353.32 per ounce, after hitting a high of $3392.07 since May 8th during trading. The decline in prices is mainly suppressed by the rebound of the US dollar exchange rate. Due to the bleak prospects of the Russia Ukraine peace talks and the US Iran nuclear talks, coupled with the Canadian wildfires endangering oil supplies, international crude oil continued to rebound, and WTI crude oil ultimately closed up 0.53% at $62.83 per barrel; Brent crude oil closed up 0.74% at $65.42 per barrel.

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