Abstract:On Monday (September 9th), the US dollar index maintained a volatile upward trend, ultimately closing up 0.43% at 101.62. The yield of US Treasury bonds has declined, with the benchmark 10-year yield
On Monday (September 9th), the US dollar index maintained a volatile upward trend, ultimately closing up 0.43% at 101.62. The yield of US Treasury bonds has declined, with the benchmark 10-year yield closing at 3.704%; The yield of the two-year US Treasury bond, which is more sensitive to monetary policy, ultimately closed at 3.677%.
Gold prices rebounded slightly on Monday (September 9th), rising above the 2500 mark and closing at $2506.04 per ounce. The rebound in US bond yields was hindered, hovering around 15 low levels, providing an opportunity for gold prices to rebound. However, the rebound in the US dollar index limited the increase in gold prices. Investors are waiting for the US inflation report to provide further clues on the potential size of the Federal Reserve's interest rate cuts.
On Monday (September 9th), international oil prices rebounded due to market concerns that the hurricane expected to hit Louisiana on Wednesday would disrupt oil production and refining along the US Gulf Coast. WTI crude oil fell to a intraday low of $66.79 in the US market, but quickly rebounded and regained all losses of the day, ultimately closing up 0.88% at $68.21 per barrel; Brent crude oil ultimately closed up 0.55% at $71.73 per barrel.