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market analysis
The U.S. dollar index rises as silver breaks through $60 to reach new highs
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Hello everyone, today XM Forex will bring you "[XM Forex Platform]: The U.S. dollar index rises, silver breaks through 60 US dollars and continues to hit new highs". Hope this helps you! The original content is as follows:
On December 10, in early trading in Asia on Wednesday, Beijing time, the U.S. dollar index was hovering around 99.20. On Tuesday, U.S. job market data was better than expected, and the U.S. dollar index rose, finally closing up 0.14% at 99.24; the benchmark 10-year U.S. bond yield finally closed at 4.1900%, and the 2-year U.S. bond yield, which is sensitive to the Federal Reserve's policy interest rate, closed at 3.6250%. Traders remained optimistic about the Federal Reserve's interest rate cut. Spot gold fluctuated upwards and finally closed up 0.39% at US$4,206.59 per ounce. Spot silver reached the US$60 milestone for the first time amid tight supply, and finally rose by 4.34% to US$60.67 per ounce. Affected by the resumption of production in Iraq, international oil prices fell for two consecutive days. WTI crude oil finally closed down 0.78% at US$58.28/barrel; Brent crude oil finally closed down 0.67% at US$62.10/barrel.
Analysis of major currency trends
U.S. dollar index: As of press time, the U.S. dollar is hovering around 99.20. Because traders avoid placing large positions before the Fed's decision is announced. xm-forex.commerzbank pointed out that market participants have not yet made significant adjustments to the exchange rate, which makes the trend of the U.S. dollar index mainly driven by U.S. interest rate levels and market expectations, rather than by general selling pressure on non-U.S. currencies. Technically, if the US dollar index breaks above the 50-day moving average of 99.24, it will move towards the next resistance level, which is located in the 100.00 to 100.15 range.



Gold and crude oil market trend analysis
1) Gold market trend analysis
In the Asian market on Wednesday, gold hovered around 4208.95. . Despite strong U.S. employment data, gold prices are still climbing strongly, with analysts pointing out that expectations of a Federal Reserve interest rate cut and skyrocketing silver prices have given gold prices upward momentum. In addition, U.S. President Trump made his latest remarks on tariffs.

2) Crude oil market trend analysis
On Wednesday in the Asian market, crude oil was trading around 58.23. Crude oil fell on Tuesday,The crude oil market began to decline following the announcement of the resumption of production from Iraq's West Qurna 2 oil field, a development that increased short-term supply and put pressure on oil prices.

Foreign exchange market trading reminder on December 10, 2025
①09:30 China’s November CPI annual rate
②18:45 Bank of England Governor Bailey delivers a speech
③21:30 United States third quarter Labor cost index quarterly rate
④22:45 Canada to the central bank interest rate decision on December 10
⑤23:30 United States to EIA crude oil inventory for the week of December 5
⑥23:30 United States to EIA for the week of December 5 Cushing crude oil inventories
⑦23:30 EIA Strategic Petroleum Reserve inventories in the United States for the week to December 5
⑧At 03:00 the next day, the Federal Reserve FOMC announced the interest rate resolution and summary of economic expectations
⑨03:30 the next day: the Federal Reserve Chairman Chairman Powell held a monetary policy press conference
The above content is all about "[XM Foreign Exchange Platform]: The U.S. dollar index rises, silver breaks through 60 US dollars and reaches new highs". It is carefully xm-forex.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thanks for the support!
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