In light holiday trading, the US dollar consolidated, and gold prices rose before falling back.

On Wednesday, the US dollar index continued to fluctuate, but rebounded during the European trading session and briefly returned to the 98 level, ultimately closing up 0.06% at 97.95; The benchmark 10-year Treasury yield ultimately closed at 4.135%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 3.514%. Spot gold prices closed at around $4479.42 per ounce on the last active trading day before the Christmas holiday (December 24th), having previously hit a historic high of $4525 during the day. US gold futures prices closed at around $4505. Due to the thin trading liquidity during the Christmas period, the overall situation at the end of Wednesday (December 24th) showed a calm trend, with gold prices hovering in the range of $4450 to $4500. This stable performance has been described by multiple market reports as a natural consolidation phase after a strong uptrend, with many traders choosing to lock in some profits at the end of the year. Due to investors weighing the prospects for US economic growth and assessing the risk of supply disruptions from Venezuela and Russia, crude oil fluctuated narrowly. WTI crude oil ultimately closed down 0.14% at $58.47 per barrel; Brent crude oil ultimately closed down 0.22% at $62.30 per barrel.