USD near 99, gold set to break $4400.

Last Friday, the US dollar index fluctuated upwards and briefly approached the 99 level during trading, ultimately closing up 0.3% at 98.73; The benchmark 10-year Treasury yield ultimately closed at 4.144%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 3.490%. Spot gold closed up 0.14% on Friday, December 19th, at $4338.22 per ounce, up 0.89% from the previous week. Looking ahead, analysts generally believe that gold will continue to rise in a low interest rate environment and currency depreciation pressure, and even reach a new high of $4400 in the first half of 2026. The new week will usher in the Christmas holiday, but the delayed third quarter GDP data due to the US government shutdown will be released this week, and investors need to pay close attention. Due to the potential market disruption caused by the interception of Venezuelan oil tankers by the United States, and investors waiting for news of a possible peace agreement between Russia and Ukraine, crude oil has rebounded. WTI crude oil rose rapidly before the US market, ultimately closing up 1.12% at $56.48 per barrel; Brent crude oil ultimately closed up 1.27% at $60.65 per barrel.