USD ↓ then ↑, gold hit 4-wk high. Watch NFP.

On Thursday, the first phone call between China and the US dollar saw a V-shaped reversal in the US dollar index, but it remained below the 99 level, ultimately closing down 0.42% at 98.813. US Treasury yields collectively rose, with the benchmark 10-year Treasury yield closing at 4.391% and the 2-year Treasury yield closing at 3.928%. On Thursday, gold prices surged and fell back. Earlier, silver broke through the $35 mark, reaching a 13 year high and driving gold prices to briefly rise above the $3400 mark, reaching a nearly four week high of around $3403.28 per ounce. However, due to signals of easing trade tensions released by the call between Chinese and American leaders, spot gold prices closed down 0.6% at $3352.65 per ounce. As news of more trade agreements boosted demand prospects, international crude oil rose, with WTI crude oil hitting a high of $63.295 per barrel and ultimately closing up 0.74% at $62.63 per barrel; Brent crude oil closed up 0.57% at $65.04 per barrel.