Trump pressures Fed, USD up, gold +$40.

On Wednesday, the US dollar index first rose and then fell, reaching a intraday high of 98.42 before wiping out all intraday gains and turning downwards. However, after meeting minutes showed that only two Federal Reserve decision-makers supported the September interest rate cut, the US dollar index reduced its decline and ultimately closed down 0.05% at 98.20; The benchmark 10-year US Treasury yield closed at 4.299%, and the 2-year US Treasury yield closed at 3.752%. On Wednesday, the gold price held the key support of the 100 day moving average and rebounded by nearly $40, reaching the highest level of $3350 and closing at $3348.20 per ounce, an increase of about 1%. There was bargain hunting near the strong support level, and the rebound of the US dollar index was hindered, providing momentum for the gold price to rebound. In addition, Goldman Sachs' report maintained a bullish view, which also boosted bullish confidence. Due to a larger than expected decline in crude oil inventories in the United States last week, investors are waiting for further progress on the Ukraine talks, and crude oil has rebounded. WTI crude oil rose to around $63 at one point, but failed to reach this level, ultimately closing up 1.35% at $62.76 per barrel; Brent crude oil ultimately closed up 1.37% at $66.36 per barrel.