USD weakened, gold rose to $4200 amid risk aversion and dovish Fed signals.

On Wednesday, the US dollar index fell for the second consecutive trading day, breaking below the 99 mark and continuing to decline, ultimately closing 0.4% lower at 98.664, a one-week low. US Treasury yields consolidated at low levels, with the benchmark 10-year yield closing at 4.0335% and the 2-year yield, which is sensitive to the Federal Reserve's policy interest rate, closing at 3.51%. Gold prices rose 1.59% on Wednesday, marking the fourth consecutive day of gains and hitting a new all-time high of $4,218, closing at $4,207.96 per ounce. As expectations of a Federal Reserve interest rate cut intensified, coupled with geopolitical uncertainties and escalating international trade frictions, investors continued to flock to the gold market as a hedge against stock and currency risks. Given concerns about oversupply, international crude oil prices remained near a five-month low. WTI crude oil fluctuated around the $58 mark, ultimately closing 0.05% higher at $58.26 per barrel; Brent crude oil closed 0.26% higher at $62.23 per barrel.