Inflation up, US downgrade boosts dollar; gold seen at $3,300.

The latest round of economic data last Friday showed a rebound in US import prices in April, while consumer confidence remained weak in May. The US dollar index fell first and then rose, briefly returning to the 101 level during trading, but failed to stay above this level, ultimately closing up 0.18% at 100.99. The benchmark 10-year US Treasury yield closed at 4.484%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.014%. On Monday (May 19th Beijing time), spot gold rose more than 1%, trading near 3242.88. Over the weekend, Moody's downgraded the US credit rating from AAA to AA1, increasing market concerns. At the same time, US Treasury Secretary Besson said on Sunday that if countries do not reach a trade agreement with the US, tariffs will return to "equivalent" levels. Two oil prices have rebounded, with WTI crude oil closing up 1.1% at $61.87 per barrel; Brent crude oil closed up 1.03% at $64.90 per barrel.