US initial jobless claims hit a 1-month low; gold prices rise on safe-haven demand.
On Thursday, market trading was light after the Christmas holiday, and the US dollar index continued to hover around a two-year high, ultimately closing down 0.045% at 108.09. The yield of US Treasury bonds closed slightly lower, with the two-year yield closing at 4.332% and the 10-year yield closing at 4.582%. On Friday (December 27th Beijing time), spot gold trading was around 2632.69, returning from the Christmas holiday. The gold price was driven by safe haven demand, and the market was waiting for signals from the upcoming Trump administration's US economy and the Federal Reserve's 2025 interest rate strategy. Israel is committed to clearing Houthi militants in Yemen, which boosted the gold price in the short term. International crude oil showed a inverted trend, as the strong US dollar offset hopes for additional fiscal stimulus from China. WTI crude oil failed to stabilize at the 70 level and ultimately closed down 0.54% at $69.54 per barrel; Brent crude oil closed up 0.38% at $72.86 per barrel.
5 Key Reasons Why EBC’s Partnership with IUU Is a Game Changer for Mongolia’s Financial Growth
Powell supported the dollar through the rate
Dollar gains after Fed decision; BoE looms
The crypto market has moved to growth after a pause
GBPUSD Analysis: Pound Potentially Form a Head & Shoulders
EBC's Million Dollar Trading Challenge II | Dream Squad Steady as Rising Stars Charge Ahead
FOMC ahead: Will Powell surrender the dollar to Trump?
