On Monday, as data indicated that the US economy was only moderately slowing down, in line with bets on moderate rate cuts by the Federal Reserve, the US dollar index touched a 10-week high, continuing its multi-week bullish trend, and ultimately closed up 0.28% at 103.20. The benchmark 10-year US Treasury yield closed at 4.1050%; the two-year US Treasury yield, which is more sensitive to monetary policy, closed at 3.9660%. The Dow Jones Industrial Average closed up 0.47%, and the S&P 500 Index rose 0.78%, both hitting new closing highs. The Nasdaq Composite gained 0.87%.

Risk alerts for Tuesday:

- 20:30, the US releases the October New York Fed Manufacturing Index, with a market expectation of 3.6, compared to the previous value of 11.5;

- 23:00, the US releases the September New York Fed 1-year inflation expectation, with the previous value at 3.00%;

- At the same time, 2024 FOMC voter and San Francisco Fed President Daly will give a speech and participate in a panel discussion at an event hosted by New York University's Stern School of Business;

- 01:00 the next day, Federal Reserve Governor Cook will deliver a speech.The current geopolitical situation has significantly impacted gold prices. The escalation of conflict between Israel and Hezbollah in Lebanon has led to an increase in market risk aversion, driving up demand for gold in the short term. However, with Israeli Prime Minister Netanyahu indicating a strike against Iran's military facilities rather than oil or nuclear facilities, market concerns about a full-scale war have somewhat subsided. This news has somewhat dampened the safe-haven buying of gold, leading to a retreat in gold prices. Gold faces multiple resistances, including stimulus policies from Asian powers, a strengthening US dollar, and weak base metal prices. These factors work together to limit the upside potential for gold.

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The Federal Reserve's monetary policy is an important factor affecting the gold market. Recently, hawkish remarks from Federal Reserve officials have supported the rise of the US dollar. The market widely expects that there is about an 82% chance the Federal Reserve will cut rates by 25 basis points at its November meeting. Rate cuts typically reduce the opportunity cost of holding non-yielding gold, providing support for gold.

However, Federal Reserve Governor Waller emphasized that future rate cuts should be more cautious, noting that the US economy and labor market are stronger than expected. This statement may imply that the rate cut will not be as aggressive as the market anticipates, which could potentially put pressure on gold prices.

Although gold prices have rebounded recently, global demand for gold remains weak. Record increases in gold prices over the past few months have dampened investor confidence, particularly in the Asian market. A stronger US dollar has made gold more expensive for holders of other currencies, thereby suppressing demand.

As the Federal Reserve's policy changes, market expectations for future gold demand are also constantly adjusting. Investors will closely monitor the upcoming US retail sales data to assess the potential impact of economic health on gold demand.Gold prices surged and then retreated on Monday. Although geopolitical tensions earlier provided safe-haven buying support for gold prices, which once rose to a one-week high of $2,666.70 per ounce, the gold price gave up its gains and closed slightly lower at $2,648.49 per ounce as the US dollar rebounded to a ten-week high. Today, gold investors should focus on the long-term support area of 2640 in the 1-hour chart below, and consider going long on gold after it stabilizes and adjusts.

Investors also need to pay special attention to the impact of speeches by Federal Reserve officials on the financial markets. As global economic uncertainty intensifies, gold, as a safe-haven asset, requires investors to remain vigilant.

The geopolitical situation in the Middle East has always been an important driver for the crude oil market. Recently, tensions between Israel and Iran have escalated, with traders closely monitoring the possibility of military conflict. In particular, Israel's vow to retaliate for Iran's missile attack on October 1st has led to market concerns that an escalation of conflict could seriously affect oil supplies.However, Netanyahu's latest statement demonstrates Israel's restraint in action, which is seen as a victory for U.S. foreign policy. U.S. officials believe that this change in attitude may reduce the potential risk of conflict, thereby affecting the supply and demand balance in the crude oil market. The market's response is to temporarily cancel or reduce the geopolitical risk premium for oil, which directly affects the trend of crude oil prices.

At the same time, the Organization of the Petroleum Exporting Countries (OPEC) in its report released on Monday lowered its global crude oil demand forecast for 2024 for the third consecutive time, reducing the demand increase from 2 million barrels per day to 1.9 million barrels per day. This news has put further pressure on oil prices. OPEC's downgrade reflects concerns about a slowdown in global economic growth, especially when demand in major consuming countries has not been as strong as expected.

The supply and demand dynamics of the global crude oil market remain complex. The oil supply in the Middle East accounts for about one-third of the global supply, and any regional conflict could have a profound impact on the global market. Although Israel's restraint in recent times has eased market tensions, OPEC's demand downgrade and global economic uncertainty remain important factors affecting oil prices.

In addition, the pace of global economic recovery, the monetary policy of major economies, and the international trade situation will all have an impact on crude oil demand in the coming months. In particular, changes in the Federal Reserve's monetary policy may affect global economic growth expectations, thereby further affecting crude oil demand.

It is claimed that Israel may avoid attacking Iran's crude oil infrastructure, which has eased concerns about tensions in the Middle East. Against this backdrop, the price of West Texas Intermediate (WTI) crude oil futures for delivery in November at the New York Mercantile Exchange closed down $1.73 on Monday. Today's crude oil focus is on the upper one-hour pressure area, and short-term crude oil is shorted after adjusting the pressure. At the same time, investors need to pay attention to the long-term impact of geopolitical risks and OPEC's demand forecast downgrade on the crude oil market, and further pay attention to relevant news.Please provide the text you would like me to translate into English.