The US dollar rose slightly on Tuesday, with uncertain impact of Trump tariffs The gold prices rising to a two month high
On Tuesday, as the market struggled with uncertainty over Trump's tariff policies, the US dollar index rose first and then fell, reaching a intraday high of 108.78 before giving up all its gains and turning downwards, ultimately closing down 0.1% at 107.97. The yield of US Treasury bonds has declined, with the benchmark 10-year yield closing at 4.582%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.283%.
On Wednesday (January 22), spot gold fluctuated narrowly at a high level in the Asian market, currently trading around $2743.70 per ounce. Gold prices surged 1.39% on Tuesday, reaching a new high of $2745.83 per ounce in over two months and closing at $2744.59 per ounce. Supported by the weakening of the US dollar and the uncertainty of potential tariffs imposed by US President Trump, the market is flocking to safe haven gold.
Due to Trump's announcement of a national energy emergency on his first day in office, which sparked concerns in the market about an increase in US production, the two oil prices fluctuated downward. At one point, WTI crude oil fell to a intraday low of $74.92, but then rebounded and ultimately closed down 0.59% at $75.74 per barrel; Brent crude oil closed down 0.56% at $78.63 per barrel.
The dollar awaits the rate forecast
Markets Lifted by Fed Cut Hopes as Gold Surges; Yen Strengthens, Commodity FX Mixed | 8th December 2025
Markets in cautious mode as Fed meeting is in sight
EURUSD holds above 1.1650 ahead of Fed meeting
EUR/USD Gains as Market Focus Fixes on the Fed
EBC Markets Briefing | Zloty may have peaked; Brazil divide deepens
Central Banks Are About to Steer the Markets This Week
