US gov't reopening boosts sentiment, dollar up, gold to $4200.

On Monday, as signs of the US government potentially resuming operations boosted market risk sentiment, the US dollar index fluctuated below the 100 mark and ultimately closed up 0.06% at 99.59; The benchmark 10-year Treasury yield ultimately closed at 4.121%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 3.601%. On Monday, spot gold surged 2.85% to close around $4115, the highest closing price since October 23rd. Spot silver is not to be outdone, with an increase of over 4%, reaching its highest level since October 21st. Driven by weak US economic data and rising expectations of Fed interest rate cuts, the safe haven charm of gold as a non yield asset has fully exploded. Crude oil closed slightly higher, with WTI crude oil falling to a intraday low of $59.50 during the US trading session. It then regained most of its intraday losses and turned higher, returning to above $60 and ultimately closing up 0.3% at $60.14 per barrel; Brent crude oil ultimately closed up 0.43% at $63.81 per barrel.