Trade optimism rose, USD up, gold down 1% to weekly low.

On Tuesday, the US dollar index first fell and then rose, reaching a intraday high of 97.82, but then gave up all the gains and turned downwards, ultimately closing down 0.06% at 97.46. The benchmark 10-year US Treasury yield closed at 4.410%, and the 2-year US Treasury yield closed at 3.903%.

On Tuesday, spot gold fell more than 1% and briefly fell below the $3300/ounce mark during trading, hitting a new low of over a week at $3287.06/ounce and closing at $3301.53/ounce. This fall in gold price is not caused by a single factor, but by the combined effect of optimism in trade negotiations, the strengthening of the US dollar, the rising yield of US treasury bond bonds and the complex impact of Trump's tariff policy.

Due to another attack by Houthi militants on Red Sea merchant ships, the two oil companies continued to rebound. WTI crude oil started to rise before the US market and briefly reached a intraday high of $67.96, ultimately closing up 0.41% at $67.18 per barrel; Brent crude oil closed up 0.58% at $69.42 per barrel.