US credit rating downgraded, US dollar falls on Monday Safe haven demand boosts gold prices

On Monday, due to Moody's downgrade of the US credit rating, the US dollar index fell sharply during the Asian and European trading sessions, dropping nearly 100 points at one point during the session. However, it regained some lost ground in the US trading session and ultimately closed down 0.62% at 100.37. US Treasury bonds have all emerged from a V-shaped market, with the benchmark 10-year yield closing at 4.454%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 3.979%. On May 20th, spot gold traded around 3223, with gold prices fluctuating higher on Monday, driven by the weakening of the US dollar and safe haven demand after Moody's downgraded the US government credit rating; US crude oil rose, trading around $62.21 per barrel, as signs of a breakdown in negotiations between the US and Iran over their nuclear program offset the impact of Moody's downgrade of the US sovereign credit rating. Due to indications that the nuclear negotiations between the United States and Iran seem to have broken down, both crude oils rose slightly. WTI crude oil first fell and then rose, and rose above $62 during the US trading session, ultimately closing up 0.3% at $62.05 per barrel; Brent crude oil closed up 0.05% at $64.93 per barrel.