USD rose on payrolls, gold up on Syria tensions.
Last Friday, the US dollar index first fell and then rose. It fell to a intraday low of 105.39 before the US market, then quickly rebounded and briefly returned to above the 106 level, but failed to stabilize at this point. Eventually, it closed up 0.23% at 105.94. The yield of US Treasury bonds has declined, with the two-year bond yield closing at 4.112% and the 10-year bond yield closing at 4.17%. Spot gold trading slightly rose, trading around 2643.53, benefiting from the intensified market concerns over the Syrian situation over the weekend, which boosted safe haven buying. Syrian President Bashar al Assad was overthrown by opposition forces and fled by plane, but his whereabouts are unknown. It is reported that he fled to Russia. Despite OPEC+'s decision to postpone production increases and extend deep production cuts until the end of 2026, the market still seems concerned that weak demand next year will lead to oversupply. Two oil companies fell more than 1% last Friday, and WTI crude oil continued to decline during the day, ultimately closing down 1.74% at $66.96 per barrel; Brent crude oil closed down 1.52% at $70.89 per barrel.
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