The US dollar remains in an upward trend, with geopolitical concerns helping gold prices stay above $2,000

On Monday (February 19th), the US dollar index hit a new high of 104.37 on the US market and then took back its gains, ultimately closing slightly lower at 104.25. The US treasury bond bond market was closed.

On Monday (February 19th), gold prices rose slightly as the Middle East conflict increased gold's safe haven appeal. After briefly falling below key support levels last week, gold prices continued their momentum of rebounding from a month low, despite concerns about long-term interest rate hikes in the United States, which largely maintained range fluctuations.

Brent crude oil prices closed slightly higher in brief trading on Monday (February 19th) due to lingering supply concerns caused by tensions in the Middle East, but signs of weakened demand offset these concerns.

In early February, due to stronger than expected US inflation data, traders largely ruled out the prospect of early interest rate cuts by the Federal Reserve, and gold briefly fell below $2000.