Long positions in the euro took profits, while the US dollar rose last Friday. Geopolitical tensions

CWG Markets Long positions in the euro took profits, while the US dollar rose last Friday. Geopolitical tensions continue to support the rise in gold prices Last Friday, as Federal Reserve officials stated that they were not in a hurry to cut interest rates, the US dollar index recorded its first weekly increase this month, ultimately closing up 0.34% at 104.15. The benchmark 10-year US Treasury yield closed at 4.2580%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 3.9670%. Gold prices fell 0.7% last Friday as they briefly touched the 3000 integer mark due to the strengthening of the US dollar and profit taking. However, geopolitical and economic uncertainties persisted, and with expectations of a Fed interest rate cut, gold prices were still supported by bargain hunting and safe haven buying. On Friday, gold prices closed around $3023.04 per ounce, with a weekly increase of 1.17%, marking the third consecutive week of gains. The survey shows that most analysts and retail investors still tend to be bullish on the next week's gold price trend. Due to market concerns about global economic growth and tariff risks, international oil prices have experienced a slight correction. WTI crude oil closed down 0.09% at $68.25 per barrel; Brent crude oil closed down 0.15% at $72.13 per barrel.