【TOP1 Evening】 U.S. energy stocks plummeted. Gold, crude oil and U.S. dollars fell
After taking office as the 46th president of the United States, Biden immediately signed a number of executive orders and administrative actions, including an order to suspend crude oil extraction, which caused a rebound in the US oil industry and the stock price of US energy companies fell.

Gold: gold price falls
Spot gold fell 0.5% to US$1,861.10 per ounce, falling back from its highest point since January 8 touched on Thursday. Spot gold rose 1.9% weekly, the biggest weekly gain since the week of December 18.
US gold futures fell 0.3% to $1,861.
IG market analyst Kyle Rodda said: "The reason why the price of gold has been tough is because of the rise in nominal yields boosted by the strong initial unemployment claims data in the United States, and the European Central Bank (ECB)'s stance is not as dovish as market expectations."
Jeffrey Halley, senior market analyst at OANDA, said, "The market is nervous about whether the US stimulus plan will pass as smoothly as the market initially thought, which puts gold prices under pressure."
Crude oil: Crude oil futures fall
New York Mercantile Exchange March crude oil futures, as of the deadline, the transaction price fell 1.52%, trading at USD52.32 per barrel.
As for Nymex, the March transaction price of Brent crude oil fell 1.29% to USD55.31 per barrel; while the contract price of Brent crude oil and crude oil was set at USD2.99 per barrel.
After taking office as the 46th president of the United States, Biden immediately signed a number of executive orders and administrative actions, including an order to suspend crude oil extraction, which caused a rebound in the US oil industry and the stock price of US energy companies fell.
After the news, the share prices of all US oil producers that lease federal land fell sharply on Thursday. EOG Resources (EOG-US) and Cimarex Energy (XEC-US) both closed down 8.6%, and Devon Energy (DVN-US) It fell 7.9%, Occidental Petroleum (OXY-US) fell 6.4%, and Exxon Mobil (XOM-US) fell 2.9%.
Forex: USD drops
The U.S. dollar is expected to have its worst week of the year this week, as investors are pleased that the Biden administration has come to power, buying riskier currencies and re-betting that economic recovery may make the U.S. dollar fall further.
The U.S. dollar has fallen nearly 0.8% against the euro this week and hit a one-week low of $1.2173 on Friday. The US dollar index recorded the same weekly decline, stabilizing at 90.075 earlier in the Asian session.
The European Central Bank maintained its policy unchanged and relaxed stance, which brought some support to the euro. The Nordic currencies led the gains, of which the Norwegian Krone rose 1.8% on a weekly basis, thanks to the Norwegian Bank’s keeping interest rates unchanged.
Risk-sensitive currencies also rose, with the Australian dollar and New Zealand dollar rising by 0.8% and more than 1% respectively.
The British pound rose to a high of 1.3745 against the US dollar overnight in a two-and-a-half-year period, as it was hoped that the promotion of vaccines in the UK would lead to an economic rebound. The pound stayed at that level on Friday, with a weekly rise of 1%.
The Hong Kong stock market closed lower on Friday and hit the biggest single-day percentage drop since November 30, as investors locked in profits after the recent rise and the gains in the international market temporarily stopped.
European stock markets fell, and the rising inventory data announced by the American Petroleum Institute triggered pressure on oil stocks, dragging down the market. Royal Dutch Shell and French Total fell more than 2% each. Eurozone bank shares also fell.
Bonus rebate to help investors grow in the trading world!