On Tuesday, due to the fragile ceasefire situation in the Middle East, the dollar index fell first and then rose, almost showing a “V-shaped trend” during the day, and ultimately closed down 0.04% at 99.95; benchmark 10-year U.S. bond yields closed at 4.522%, the Fed’s policy rate sensitive to the 2-year U.S. bond yields closed at 4.135%.
With market expectations of a Fed rate hike within the year heating up and a U.S. strike on Iran, spot gold fell sharply in the U.S. session, dropping to an intraday low of $4,236.77 during the session, and ultimately closing down 1.63% at $4,260.37 per ounce; spot silver closed down 4.1% at $65.36 per ounce.
Crude oil shook down during the day, but oil prices rebounded briefly after the U.S. crackdown on Iran.WTI crude oil fell below the $90 mark, and once fell to an intraday low of $86.96, then rebounded slightly, and ultimately closed down 2.91% at $89.68/barrel; Brent crude oil ultimately closed down 2.56% at $91.92/barrel.
The three major U.S. stock indexes were mixed, with the Dow closing up 0.17%, the S&P 500 down 0.26%, and the Nasdaq down 0.97%. Maverick Technology (MRVL.O) fell 7.6 percent, Qualcomm (QCOM.O) dropped 5.6 percent and Tesla (TSLA.O) fell 3 percent. The Nasdaq China Golden Dragon Index is down 0.39 percent, with Ideal Motors (LI.O) and Azera Motors (NIO.N) down about 3 percent.