On Tuesday, investors were cautious about news of progress toward ending the U.S.-Israeli war against Iran, despite numerous market rumors about U.S.-Iranian negotiations. The U.S. dollar index fell and then rose, but remained firmly above the 99 mark, and eventually closed up 0.01% at 99.20; the benchmark 10-year U.S. bond yield closed at 4.446%, and the 2-year U.S. bond yield, which is sensitive to the Fed’s policy rate, closed at 4.051%.
Spot gold surged above $4,540 in European trading, but then gave back most of the day’s gains and fell below the $4,500 mark, eventually closing up 0.09% at $4,488.23 per ounce; spot silver ended up 0.4% higher at $75.12 per ounce.
WTI crude oil fell before rising, and then opened up in the U.S. trading session, ending up 0.86% higher at 95.23 USD/barrel; Brent crude oil finally closed up 0.26% at USD 95.21/barrel.
U.S. stocks Dow closed up 0.45%, the S&P 500 index rose 0.13%, the Nasdaq rose slightly. Microsoft (MSFT.O) fell 4%, Google (GOOG.O) dropped nearly 4%, and Myvell Technology (MRVL.O) jumped 32% after Jen-Hsun Huang said Myvell Technology would be the next trillion-dollar company. The Nasdaq China Golden Dragon Index closed up 1.8%, with Alibaba (BABA.N) up more than 4%.