On Monday, Iran and Israel agreed to stop attacking each other after a call from President Donald Trump. The U.S. dollar index retreated slightly but still hovered near its highest level in nearly two months, eventually closing down 0.07% at 100.00; the yield on the benchmark 10-year U.S. bond closed at 4.568%, while the yield on the 2-year U.S. bond, which is sensitive to Fed policy rates, closed at 4.166%.
Spot gold fell and then rose, losing the 4300 mark during the session and falling to an intraday low of $4288.01, but recovered all of its intraday losses and turned higher in the U.S. session, eventually closing up 0.05% at $4329.886 per ounce; spot silver was broadly oscillating, eventually closing up 0.4% at $68.15 per ounce.
WTI crude oil rose more than 4% at one point after opening higher, but in the U.S. pre-market session jumped sharply, erasing most of the day’s gains, and finally closed up 0.7% at $92.37 per barrel; Brent crude oil finally closed up 1.52% at $93.42 per barrel.
The three major U.S. stock indexes were mixed, with the Dow closing down 0.16%, the S&P 500 up 0.3% and the Nasdaq up 0.86%. Maverick Technology (MRVL.O) rose 9.6%, Intel (INTC.O) rose 11%, and Micron Technology (MU.O) rose nearly 10%. The Nasdaq China Golden Dragon Index closed down 0.6 percent, with Alibaba (BABA.N) down nearly 1 percent.