Monthly Archives: October 2023
Dollar Plunges on Treasury Yield Surge
Written on October 24, 2023 at 5:14 am, by 王建军
The US dollar experienced a decline of over 0.5% as the US long-term bond yield touched the 5% mark. Hamas militants freed 2 hostages while Israel delayed a ground attack and provided relief from the heightened tension in the Middle East region. Meanwhile, China’s surprising affirmation of Israel’s right to self-defence injected optimism into globalContinue Reading
Middle East Conflict De-escalation Eases Gold Prices
Written on October 23, 2023 at 5:26 am, by 王建军
Israel’s decision to halt its ground invasion of Gaza has temporarily eased Middle East tensions. Amid diplomatic efforts to calm the Middle East conflict, Israel’s decision to halt its ground invasion on Gaza has momentarily eased tensions. Oil prices faced resistance at $90, leading to a decline since last Friday, while gold prices encountered sellingContinue Reading
Powell’s Dovish Statement Hammers Dollar
Written on October 20, 2023 at 5:14 am, by 王建军
Despite visits by the U.S. president and the U.K.’s prime minister to Israel, gold and oil prices surge due to Middle East tensions. Despite diplomatic efforts by world leaders, including planned visits by the U.S. president and UK’s prime minister to Israel, gold and oil prices continue to surge in response to escalating Middle EastContinue Reading
