Trump bill passed; USD dropped as safe-haven demand rose.

On Tuesday, the US dollar index fell first and then rose, falling close to the 96 mark at one point during trading. It then rebounded before the US market, but failed to return above 97, ultimately closing down 0.14% at 96.64; The benchmark 10-year US Treasury yield closed at 4.2443%, and the 2-year US Treasury yield closed at 3.785%. On Wednesday (July 2, Beijing time), spot gold traded around $3340 per ounce, with gold prices rising more than 1% on Tuesday as investors sought safe haven assets. Previously, US President Trump's "Big and Beautiful Bill" was passed in the Senate, and the deadline for suspending trade tariffs on July 9 is getting closer. Due to investors digesting positive demand indicators, the two oil companies have rebounded. WTI crude oil rose above $65 at one point in the market, but failed to stabilize at this level, ultimately closing up 0.78% at $64.86 per barrel; Brent crude oil closed up 0.93% at $67.00 per barrel.