USD sideways, late plunge erased gains; Gold +1.5%.

As traders weigh the uncertainty of the situation in the Middle East, global markets have been volatile, and with media reports suggesting that the US is planning a one month ceasefire, the volatility of gold and silver oil has intensified in the late trading session. The US dollar index fluctuated sideways, with a plunge at the end of the day wiping out most of the gains, ultimately closing up 0.09% at 99.226; The yield of US treasury bond bonds rose synchronously, with the benchmark 10-year US bond yield closing at 4.3630% and the two-year US bond yield sensitive to the policy interest rate of the Federal Reserve closing at 3.9310%. The gold market is undergoing a thrilling test. After experiencing a brutal pullback of over 20% from the high point at the beginning of the year, gold prices showed a volatile rebound trend on Tuesday (March 25th), closing up 1.5% at $4474.26 per ounce. This is not simply a trend reversal, but a microcosm of the intense game between long and short forces in an extremely complex geopolitical and macro financial environment. On one hand, there is a quietly unfolding diplomatic probe between the United States and Iran under the cover of artillery fire, and on the other hand, there is the reset of inflation and interest rate expectations caused by the volatile energy market. Gold is standing at a critical crossroads. Affected by new rumors about the ceasefire between the United States and Iran, international oil prices fell in the short term, falling for the second consecutive trading day. WTI crude oil plummeted from a high point, breaking the intraday low and ultimately closing down 0.31% at $87.62 per barrel; Brent crude oil plummeted more than $5, falling below the $100 mark and ultimately closing down 0.56% at $96.49 per barrel.