Fed rate cut expectations boost USD; gold faces resistance below $4100, with support at $4000.

Last Friday, despite dovish statements from the “top three” of the Federal Reserve, which boosted expectations of a December interest rate cut, the US dollar index remained strong, hitting a nearly 6-month high during trading and ultimately closing down 0.056% at 100.17; The yield of US Treasury bonds fell across the board, with the benchmark 10-year bond yield closing at 4.068% and the 2-year bond yield sensitive to the Federal Reserve policy rate closing at 3.518%. Gold prices stabilized last Friday, falling more than 1% earlier in the session to around $4023 per ounce. New York Fed President Williams made a dovish statement, and traders increased their bets on the US interest rate cut in December, providing support for gold prices. Gold prices briefly rebounded to around the 4100 level, closing at around $4065 per ounce and once again holding onto support at the 4000 level. Investors' attention is beginning to shift towards the prospect of peace between Russia and Ukraine. Under the pressure of the United States pushing for a peace agreement between Russia and Ukraine, international crude oil prices fell for the third consecutive trading day. WTI crude oil fell to a one month low and ultimately closed down 1.31% at $57.92 per barrel; Brent crude oil ultimately closed down 1.17% at $61.93 per barrel.