The French political situation continues to drag down the euro, and the US dollar rose last Friday Gold price recorded its first weekly increase in four weeks

On Friday, June 14th, the US dollar index rose 0.28% to 105.52, the euro fell 0.32% against the US dollar to 1.0703, the pound fell 0.62% against the US dollar to 1.2685, the Australian dollar fell 0.31% against the US dollar to 0.6615, the US dollar rose 0.23% against the Japanese yen to 157.3855, the US dollar against the Canadian dollar fell 0.05% to 1.3735, and the US dollar against the Swiss franc fell 0.42% to 0.8901.

Spot gold (June 14th) climbed more than 1% last Friday to close at $2332.51 per ounce, marking the first weekly increase in four weeks. Signs of slowing inflation in the United States have raised hopes of interest rate cuts later this year, and a sharp drop in European stock markets has also provided support. It should be noted that last week's rebound in gold prices has not yet recovered from the decline on June 7th, and gold prices are still being suppressed by the 55 day average. There is still a risk of further pullback in gold prices in the future.

On Friday, June 14th, the July contract for US crude oil fell 0.24% to $78.07 per barrel, while the August contract for oil futures fell 0.1% to $82.67 per barrel.