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.
Is the Bullish Rally for Copper Set to Explode?
Metals Strength as Fed Cut Boosts Sentiment; USD Softens, Commodities Mixed | 11th December 2025
Year Ahead 2026 – Oil’s bearish horizon and the white metal boom
December Liquidity Trap: How Reduced Year-End Participation Impacts Volatility, Spreads, and Market Dynamics
Fed set to cut rates, focus to fall on the dots
The FOMC will take another route
The FOMC will take another route
