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US outlook up, dollar rises; risk on, gold falls second day.

CWG Markets | 2025-05-28 13:48

Abstract:On Tuesday, aided by improved consumer confidence in the United States and a decline in the yen, the US dollar index rebounded and returned above the 99 level, ultimately closing up 0.65% at 99.59. Th

On Tuesday, aided by improved consumer confidence in the United States and a decline in the yen, the US dollar index rebounded and returned above the 99 level, ultimately closing up 0.65% at 99.59. The yield of US Treasury bonds has fallen slightly, with the benchmark 10-year yield closing at 4.449%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 3.987%. The gold price staged a thrilling scene this Tuesday. The spot gold price briefly fell below the important psychological barrier of $3300 during trading, hitting a low of $3285.25 per ounce, and finally closing around $3300, with a daily decline of up to 1.25%. This sharp decline has caused an uproar in the market, especially considering that gold just recorded a strong increase of nearly 5% last week. Due to the possibility of progress in the US Iran talks and the expectation that OPEC+will decide to increase production at this week's meeting, oil prices have fallen slightly. WTI crude oil accelerated its decline during the US trading session, approaching the $60 mark, and ultimately closed down 0.77% at $60.85 per barrel; Brent crude oil closed down 0.77% at $63.69 per barrel.

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CWG Markets
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Website:https://www.cwgplatform.com/
5-10 years | Regulated in United Kingdom | Regulated in South Africa | Regulated in Vanuatu
Score
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