Abstract:The market remains wait-and-see, with the US dollar slightly rising yesterday Gold prices fluctuate, waiting for US inflation data and speeches from Federal Reserve officials
On Tuesday (February 27th), as investors waited for more US economic data to be released, the US dollar index fluctuated and consolidated, ultimately closing up 0.037% at 103.81. The benchmark 10-year US Treasury yield fluctuated and fell in the Asian session, rebounding in the European session and ultimately closing at 4.308%. The yield on the 2-year US Treasury, which is most sensitive to the Federal Reserve's policy rate, closed at 4.701%.
Gold prices remained stable on Tuesday (February 27th), despite poor performance in US durable goods orders in January. However, the increase in gold prices was limited as some short-term bulls took profits. This week, investors will focus on key inflation data and comments from Federal Reserve officials.
Oil prices rose by more than $1 on Tuesday (February 27th), reaching a new high of over a week, as there were reports that OPEC+is considering extending its voluntary oil production reduction action until the second quarter to provide more support.
In order to offer more flexible and competitive trading conditions to meet the needs of a wide range of traders, CWG Markets will adjust the minimum activation amount for institutional accounts from the original $50,000 to $30,000, effective from March 18, 2024 (Monday). This adjustment aims to allow more institutional users to enjoy a high-quality trading environment and conditions.
US PPI data exceeded expectations, with the US dollar rebounding significantly Gold under pressure and falling consolidation
Market digestion of US CPI data, US dollar fell yesterday Gold price rose up and waiting for the data release
US CPI data hits expectations of rapid interest rate cuts, causing a slight increase in the US dollar The gold prices rose back about $30