USD dropped then recovered, gold capped at $4350, awaiting non-farm data.

On Monday, the US dollar index fluctuated downwards, falling nearly 98 points during trading before recovering some lost ground and ultimately closing down 0.13% at 98.28; The benchmark 10-year Treasury yield ultimately closed at 4.181%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 3.516%. Spot gold experienced a sharp fluctuation of rising and falling on Monday, October 15th. Due to market expectations of the Federal Reserve's interest rate cuts and changes in the US dollar exchange rate, spot gold once approached the psychological high of $4350, which almost touched the new high set last Friday for over seven weeks. However, with the rapid cooling of risk aversion, gold prices quickly gave up most of their gains and ultimately closed at $4304.91 per ounce, only slightly up about 0.1%. Due to investors' assessment of the disruptions caused by the escalation of tensions between the United States and Venezuela, concerns about oversupply, and the impact of a potential peace agreement between Russia and Ukraine, oil prices continue to decline. WTI crude oil ultimately closed down 1.61% at $56.47 per barrel; Brent crude oil ultimately closed down 1.31% at $60.63 per barrel.