US reaches G7 trade deal; dollar rebounds slightly, gold hits 1-month low.

Last Friday, the US dollar index fluctuated widely, but after Trump announced the end of trade negotiations with Canada, the US dollar index plummeted and turned lower in the short term, ultimately closing down 0.05% at 97.25. The benchmark 10-year US Treasury yield closed at 4.2850%, and the 2-year US Treasury yield closed at 3.7480%. On Monday (June 30th Beijing time), spot gold fell, trading near $3268.70 per ounce, hitting a new low in a month. Optimistic trade news boosted risk appetite and weakened the attractiveness of gold as a safe haven asset. Due to reports that OPEC+plans to increase production in August, oil prices continued to fall on Friday. WTI crude oil fell sharply during the US trading session and fell to around $64 per barrel, ultimately closing down 0.34% at $64.41 per barrel; Brent crude oil closed down 0.54% at $66.24 per barrel. Last week, the cumulative drop in oil prices was about 12%, the largest weekly decline since March 2023.