Dollar Weakens, Yuan Climbs to Four‑Year Peak on China’s Strong Q3 GDP

The U.S. dollar slipped on Tuesday, losing ground against major currencies as the Chinese yuan surged to a four‑year high following a stronger‑than‑expected third‑quarter GDP reading. The dollar index fell 0.52%, trading around 104.70, while the yuan strengthened to 7.23 against the dollar, its best level since 2020.

Commodity prices reflected a mixed market. Gold edged up 21.78 points to $4,187.18 per ounce, its highest level of the week. Silver also rose, adding 0.56 points to $57.865 per ounce. Energy markets saw a slight downturn: WTI crude fell 2.19 points to $96.83 a barrel, and Brent slipped 2.96 points to $106.90 a barrel.

Base metals were mixed: copper gained 0.0355 points to $6.5955 per pound, while aluminum dropped 22.50 points to $2,986.00 per ton. Natural gas slipped 0.014 points to $3.106 per thousand cubic feet.

The data underscores the continued volatility in global markets as investors weigh the implications of China’s robust economic growth against ongoing geopolitical and monetary policy uncertainties.