【TOP1 Evening】U.S. dollar and gold prices remain firm, oil prices fall during Asian hours as uncertainty of U.S. fiscal policy

Gold: Gold price remains firm

Spot gold rose 0.37 US dollars, or about 0.02%, to 1856.13 US dollars per ounce. Gold futures prices fell by US$0.25, or about 0.01%, to US$1,854.95 per ounce.

The price of gold fluctuated slightly between 1850 and 1860. Earlier signs showed that a new round of US stimulus plan is hopeless in the short term, while investors are waiting for the Fed's latest monetary policy meeting to indicate the outlook for monetary policy.

Republican lawmakers expressed opposition to President Biden’s $1.9 trillion stimulus plan earlier this month and proposed a smaller plan to support vaccine distribution. At the same time, Chuck Schumer, the leader of the majority party in the Senate, also said that it may take another 4 to 6 weeks to reach a comprehensive agreement.

Crude oil: fell during Asian trading hours

New York Mercantile Exchange March crude oil futures, the transaction price fell 0.47% before the deadline, trading at USD52.52 per barrel. The previous session low was USD52.45 per barrel. Crude oil is expected to find support at USD51.44 and USD53.41 will meet resistance.

The April transaction price of Nymex Brent crude oil fell 0.61% to USD55.34 per barrel; while the contract price of Brent crude oil and crude oil was set at USD2.82 per barrel.

Forex: USD rose slightly

Asian stock markets have cooled, and cautious investors have turned to safer assets, boosting the US dollar index slightly to 90.353, which is almost the midpoint of the trading range in the past two weeks.

The euro and the yen are also in trouble, and the euro cannot break the resistance near the $1.2190 level.

Continental Europe is suffering from new

A wave of new crown epidemic and blockade.

The euro against the US dollar was hit by a fall in German business confidence on Monday, and Asia consolidated its losses at around 1.2142. The yen was steady at 103.71 against the dollar. The risk-sensitive Australian and New Zealand dollars weakened slightly.

"The market is expecting the disappearance of COVID and a large amount of government spending, and the market has achieved very good performance," said Imre Speizer, a currency analyst at Westpac.

Stock market: Hong Kong stock market pulls back sharply

The Hang Seng Index fell more than 2.5%, and the Hang Seng Technology Index fell 2.34%.

European stock markets rose early. The UK's FTSE index was latest at 6668 points, up 30 points, or 0.45 percent; the German DAX index was at 13,748 points, up 104 points, or 0.77 percent; the French CAC index was latest at 5496 points, up 24 points, an increase 0.44 percent.