Last Friday, as market concerns grew that the U.S. Treasury’s plan to expand its repurchase of long-term government bonds could further weaken the dollar, the U.S. Dollar Index hovered near a three-month low, briefly falling to an intraday low of 98.56 before closing down 0.03% at 98.84;The benchmark 10-year U.S. Treasury yield closed up 2.7 basis points at 4.739%, while the 2-year U.S. Treasury yield, which is sensitive to the Fed’s policy rate, closed up 5.1 basis points at 4.240%.
Driven by a weaker U.S. dollar and technical factors, spot gold surged by more than $100 during the session, briefly breaking above $4,630, and ultimately closed up 1.86% at $4,603.25 per ounce;Spot silver briefly returned above $70 and ultimately closed up 1.26% at $68.94 per ounce.
Crude oil continued to fluctuate as Trump threatened to impose economic sanctions on Iran’s trading partners.WTI crude hovered above $86 and ultimately closed up 0.42% at $86.34 per barrel; Brent crude closed up 0.74% at $92.39 per barrel.
The Dow Jones Industrial Average closed up 0.98%,the S&P 500 rose 0.43%, and the Nasdaq rose 0.43%. Tesla (TSLA.O) rose 5.14%, Oracle (ORCL.N) rose 3.11%, and SpaceX (SPCX.O) rose 2.22%.Intel (INTC.O) fell 2.24%, and Nvidia (NVDA.O) fell 0.98%.The Nasdaq Golden Dragon China Index rose 0.4%; Baidu (BIDU.O) rose 1.35%, while Alibaba (BABA.N) fell 8.59%.