Following the rebound of U.S. stocks, major global stock indices rose collectively on January 5th, with the three major European stock indices closing higher across the board. The UK’s FTSE 100 Index rose 53.43 points, or 0.54%, to 10,004.57 points; France’s CAC 40 Index gained 16.29 points, or 0.20%, to close at 8,211.50 points; Germany’s DAX 30 Index performed impressively, rising 329.35 points, or 1.34%, to 24,868.69 points.

The commodity market also ushered in a rising trend simultaneously, with precious metals performing particularly prominently. COMEX gold futures rose 3.00% to $4,459.70 per ounce; COMEX silver futures saw a more significant increase, surging 7.74% to close at $76.51 per ounce. Analysts believe that the rise in precious metals is mainly driven by the uncertainty of Fed policy and the escalation of global geopolitical risks, as investors’ risk aversion has increased, driving up demand for safe-haven assets.

In the foreign exchange market, the U.S. dollar index fell 0.16% to close at 98.267 in late New York trading. Among major currency pairs, 1 euro was exchanged for 1.1727 U.S. dollars, and 1 British pound was exchanged for 1.3543 U.S. dollars, both rising slightly from the previous trading day; 1 U.S. dollar was exchanged for 156.23 Japanese yen, falling from the previous trading day, indicating a slight appreciation of the yen. Industry insiders said that going forward, it is necessary to focus on Fed officials’ speeches and data such as the Eurozone and U.S. services PMI, which will further affect the global foreign exchange market and stock index trends.