U.S. Treasury Yields Decline
Gold Prices Drop More Than 1%
Amid ongoing uncertainty surrounding the tariff policies and economic impact of the Donald Trump administration, the New York stock market closed mixed on the 14th (local time).
On that day, the Dow Jones Industrial Average closed at 44,546.08, down 165.35 points (-0.37%) from the previous session. The Standard & Poor's (S&P) 500 index closed at 6,114.63, down 0.44 points (-0.01%), while the Nasdaq index ended at 20,026.77, up 81.13 points (0.41%) from the previous session.
The S&P 500 index ended the day near its record high, trading in a narrow range. Amid ongoing remarks by President Trump regarding tariffs, the January U.S. retail sales data released that day came in unexpectedly weak, increasing economic uncertainty.
President Trump recently announced various tariff imposition plans, stating that they would not be implemented immediately but after a certain preparation period, which initially reassured the market but left the potential for increased market volatility related to tariffs.
Meanwhile, U.S. Treasury yields fell, reflecting concerns about the economy due to possible consumer spending contraction. According to the electronic trading platform Tradeweb, at the close of the U.S. market that day, the 10-year U.S. Treasury yield was 4.48%, down 5 basis points (1bp = 0.01 percentage points) from the same time the previous day.
On the other hand, international gold prices, which had reached a record high on the 11th, took a breather and fell more than 1% that day. According to Reuters, gold spot prices were $2,882.99 per ounce at around 1:40 p.m. Eastern Time, down 1.6% from the previous close.
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