US stagflation concerns eased, boosting gold toward $3000.

On Thursday, following Trump's latest threat to impose tariffs on European imported goods, the US dollar index surged and fell above the 104 mark, then quickly gave up its gains and ultimately closed up 0.251% at 103.84. Supported by safe haven sentiment, US Treasury bonds rose while yields collectively fell, with the benchmark 10-year Treasury yield closing at 4.273%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 3.98%. Gold prices surged over $50 on Thursday, closing at $2988.64 per ounce. On Friday, they slightly broke a record high to $2989.72 per ounce, approaching the key milestone of $3000 per ounce, driven by rising tariff uncertainty and bets on the Federal Reserve relaxing monetary policy. Due to market trade-offs including macroeconomic concerns over escalating trade tensions and progress in ceasefire negotiations between Russia and Ukraine, international oil prices have fallen. WTI crude oil closed down 1.38% at $66.47 per barrel; Brent crude oil closed down 1.29% at $69.81 per barrel.