Lates News

On Wednesday, the dollar and U.S. Treasury yields rose again, putting pressure on gold prices. The dollar index is currently at around 102.30, hovering near its highest level since April 2025. Meanwhile, the U.S. 10-year Treasury yield climbed to about 5.324%, close to the 5.349% touched on Monday, the highest level since 2002. The Middle East conflict has pushed up oil prices and heightened inflation risks, while rising government debt and fiscal deficits, along with the resilience of the U.S. economy, are all driving financing costs higher. Traders will be closely watching the minutes of the Federal Open Market Committee meeting for the latest clues on whether the Fed may further tighten policy. Since the outbreak of the Middle East conflict in late February, market expectations for a hawkish Fed policy outlook have continued to weigh on gold prices, which are now more than 25% below their record high of nearly $5,600 in January. However, long-term demand continues to provide fundamental support for gold.