US dollar fell Monday on Fed rate cut expectations and central bank gold buying.

On Monday, the US dollar index opened high and fell into a sideways oscillation, ultimately closing down 0.082% at 106.85. The yield of US Treasury bonds continues to rise, with the two-year bond yield closing at 4.264% and the 10-year bond yield closing at 4.405%.

Gold prices bottomed out and rebounded on Monday, hitting a new low of $2643.41 per ounce at the beginning of the session and closing at around $2652.50 per ounce. Supported by ongoing geopolitical concerns and a weakening US dollar, the market is still waiting for the Federal Reserve's policy meeting, with a strong wait-and-see sentiment and cautious trading overall; It is expected that the Federal Reserve will cut interest rates for the third time and provide clues about the outlook for 2025.

Due to weak consumer spending in the world's largest oil importing country and investors suspending buying before the Federal Reserve's interest rate decision is announced, the two oil prices have fallen from their weekly highs. WTI crude oil fell below the 70 mark at one point and ultimately closed down 0.59% at $70.25 per barrel; Brent crude oil closed down 0.62% at $73.62 per barrel.