Driven by safe haven demand, the US dollar rose on Monday The gold prices waited for a new catalyst
On Monday, the US dollar index continued to hover at a two-year high due to market expectations that Trump would relax regulations, cut taxes, increase tariffs, and tighten immigration policies after taking office, ultimately closing up 0.05% at 108.06. The benchmark 10-year US Treasury yield closed at 4.5430%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.2600%.
On December 31st Beijing time, spot gold trading was around 2604.26. Prior to the New Year holiday, market trading was light, and traders were waiting for new catalysts, including next week's US economic data, which could affect the Fed's interest rate outlook for 2025 and the policies of incoming President Trump.
Despite light trading at the end of the year, oil prices rose slightly, with WTI crude oil ultimately closing up 1.30% at $70.09 per barrel; Brent crude oil closed up 1.11% at $74.07 per barrel.
EBC Markets Briefing | Bond rout extends to equities with oil price through the roof
Weekly Analysis: Wall Street Drops as Brent Crude Breaks Above $100, Reviving Inflation Worries
The crypto market has retreated to support levels while awaiting data
Week Ahead – Fed, BoJ and BoE decide amid inflation dilemma
Dollar gains as US PPI data bolster Fed hike bets
Markets Position for US CPI as Dollar Strength Builds | 11th September, 2026
UnitedHealth’s Recovery Hits a New Test as Investors Look Beyond Costs
