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market analysis
The Fed attacks the gold market, Trump bets on U.S. debt, and Russian oil exports resume
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Hello everyone, today XM Forex will bring you "[XM official website]: The Federal Reserve attacks the gold market, Trump bets on U.S. debt, and Russian oil exports resume." Hope this helps you! The original content is as follows:
On November 17, in early Asian trading on Monday, Beijing time, the U.S. dollar index was hovering around 99.37. Last Friday, as expectations of a rate cut by the Federal Reserve subsided, the U.S. dollar index rebounded slightly, eventually closing up 0.087% at 99.27; U.S. bond yields generally closed higher, with the benchmark 10-year U.S. bond yield finally closing at 4.147%, and the 2-year U.S. bond yield, which is sensitive to the Fed's policy interest rate, closed at 3.612%. Affected by the widespread selling triggered by the hawkish remarks of Federal Reserve officials, spot gold plunged during the session, once falling nearly $180 from the daily high. The decline narrowed in late trading, and finally closed down 2.2% at $4,079.58 per ounce, recording two consecutive negative days; spot silver finally closed down 3.4% at $50.56 per ounce. International crude oil rebounded as a Ukrainian drone attack caused the Russian port of Novorossiysk to suspend oil exports. WTI crude oil stood above $60/barrel many times during the session, and finally closed up 2.13% at $59.82/barrel; Brent crude oil finally closed up 0.22% at $63.95/barrel.
Analysis of major currency trends
U.S. dollar index: As of press time, the U.S. dollar is hovering around 99.37. The index continues to struggle to find direction as traders prepare for a wave of delayed economic reports following the end of the U.S. government shutdown. With uncertainty surrounding both the timing and xmtraders.completeness of these releases, momentum remains limited and positioning remains cautious. Technically, if the U.S. Dollar Index closes above the 99.40 level, it will move towards the 50 moving average at 99.65. A break above the 50 EMA will push the USD Index towards resistance at 100.00–100.15.



Gold and crude oil market trend analysis
1) Gold market trend analysis
In Asian trading on Monday, gold hovered around 4085.84. Gold edged higher on a weaker dollar. Traders will get more clues from the Fed's speech later on Monday. The Fed's John Williams, Philip Jefferson, Nir Kashkari and Christopher Waller will speak. Improved market sentiment following the reopening of the federal government weakened safe-haven assets such as gold. The US government has reopened after President Donald Trump signed a funding bill into law last week, ending the longest 43-day shutdown in US history. Federal employees were directed to return to work Thursday.

2) Crude oil market trend analysis
On Monday’s Asian session, crude oil was trading around 59.37. Supply-side concerns and technical buying helped the market stabilize after a sharp midweek selloff. Although global inventory data is based onand revised supply forecasts from OPEC and the International Energy Agency weighed heavily on sentiment, but Friday's rebound was driven by a short-covering rally triggered by heightened geopolitical tensions and technical signals.

Foreign exchange market transaction reminder on November 17, 2025
①21:30 Canadian October CPI monthly rate
②21:30 U.S. New York Fed manufacturing index in November
③23:00 U.S. August construction spending monthly rate
④At 02:00 the next day, Fed Kashkari hosted a fireside chat
The above content is all about "[XM official website]: Fed hawks attack on gold market, Trump bets on U.S. debt, Russian oil exports resume". It was carefully xmtraders.compiled and edited by XM foreign exchange editor. I hope it will be helpful to your trading! Thanks for the support!
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