US-Europe trade deal boosts dollar, gold drops for 4th day.

On Monday, the US dollar index rose sharply, breaking through the 98 level during trading and continuing to rise, ultimately closing up 1% at 98.633. Most US Treasury yields have risen, with the benchmark 10-year yield closing at 4.417% and the 2-year yield closing at 3.93%. Spot gold fell sharply on Monday, hitting a near three week low of $3301.29 per ounce during trading and closing at $3314.44 per ounce, a decrease of about 0.66%. This is the fourth consecutive trading day of decline. The downward fluctuation of gold prices is not only directly affected by the trade agreement reached between the United States and Europe, but also closely related to the strong rebound of the US dollar index, the recovery of global risk appetite, and market expectations for the Federal Reserve's interest rate policy. With Trump considering shortening the 50 day deadline of the Russia Ukraine peace agreement, international crude oil rebounded. WTI crude oil ultimately closed up 2.85% at $66.7 per barrel, hitting a two-week high; Brent crude oil once reached the $70 mark and ultimately closed up 2.91% at $69.57 per barrel.