Gold bulls want to 'touch' historical highs Pay attention to the performance of the US CPI data

11 Sep, 2024

On Tuesday (September 10th), the US dollar index fluctuated within a range above the 101 level, ultimately closing up 0.03% at 101.67.

On Tuesday (September 10th), the US dollar index fluctuated within a range above the 101 level, ultimately closing up 0.03% at 101.67. The yield on US Treasury bonds continues to decline, with the benchmark 10-year yield closing at 3.650%; The two-year US Treasury yield, which is more sensitive to monetary policy, ultimately closed at 3.607%.

 

On Tuesday, September 10th, spot gold showed a "V-shaped" trend, and then briefly approached the $2520 mark, ultimately closing up 0.41% at $2516.49 per ounce. Spot silver closed up 0.2% at $28.39 per ounce.

 

On Tuesday (September 10th), due to OPEC+unexpectedly lowering its crude oil demand forecast for this year and 2025, which overshadowed the impact of supply concerns caused by Tropical Storm Francine, international oil prices fell sharply. WTI crude oil fell rapidly in the US market and fell below $65 at one point, then regained some lost ground and finally closed down 3.59% at $65.76 per barrel; Brent crude oil fell below $70 for the first time since December 2021, ultimately closing down 3.12% at $69.49 per barrel.

x

WARNING and please be advised:

It has come to our attention that a number of unauthorised firms /individuals have cloned our website content, logo and social media pages of CWG Markets Limited. Please be advised that these unauthorised firms have also been contacting consumers via various messaging apps such as WhatsApp, Facebook, Wechat.It should be noted that there is no connection whatsoever between the CWG Markets Limited, an authorised firm, and the unauthorised entities/ individuals that have cloned our details. If you’ve been scammed or contacted by an unauthorised firm / individuals – or a firm you suspect is not legitimate – you can report to us [email protected]

CFDs (Contract For Difference) are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks and take appropriate care to manage your own risk. Please read our Risk Disclosure carefully.

cwg
It looks like you are based in United Kingdom Click Proceed to be taken to CWG Markets UK LTD Click Stay to continue browsing this website
Proceed Stay
Service Access Restriction Notification

Dear customer,

Thank you for visiting our website. Unfortunately, after an automatic system check, we have found that your current access location is within a restricted area for our services. Due to various laws, regulations, and contractual limitations, we are unable to provide services in certain regions.

We sincerely apologize for any inconvenience this may cause and hope you understand that this measure is necessary to comply with relevant laws, regulations, and policies. Please be aware that this restriction is specific to certain areas and is not directed at individual users.

If you believe this is a mistake, or if you have any questions, please do not hesitate to contact our customer support team. We are always ready to assist and provide further clarification.

Thank you for your understanding and cooperation.

Best wishes,

CWG Markets LTD

Close