USD weakened on risk aversion and Fed's dovish stance, while gold rose for 4 days, topping $4200.

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.