The yield of US long-term treasury bond bonds fell. The US dollar continued to fall yesterday Gold prices hit a three week high with four consecutive bullish days

The yield of US long-term treasury bond bonds fell. The US dollar continued to fall yesterday

Gold prices hit a three week high with four consecutive bullish days

The US dollar weakened against a basket of currencies other than the Canadian dollar on the 27th, dragged down by the lower yield of US long-term treasury bond bonds. The US dollar index, which measures the US dollar against six major currencies, fell 0.47% that day and closed at 100.986 at the end of the foreign exchange market.

On Wednesday (December 27th), speculation about the dovish bets of the Federal Reserve continued to increase, and US bond yields fell to several months low, highlighting the safe haven function of gold, and gold prices continued to rise.

On Wednesday (December 27th), people remained optimistic about the possibility of a US interest rate cut, which could stimulate economic growth and increase fuel demand. At the same time, although the market was concerned about the development of the Red Sea situation, international crude oil futures settlement prices fell by nearly 2% as shipping could continue to pass through the Red Sea.

Vladimir Zernov, market analyst at FX Empire, a foreign exchange information website, said that the US dollar index fell as traders focused on the fall in the yield of US treasury bond bonds.