On Tuesday, the U.S. Dollar Index traded in a narrow range, failing to break through the 99 mark during the session, and ultimately closed down 0.07% at 98.85. The yield on the 2-year U.S. Treasury note, which is sensitive to the Federal Reserve’s policy rate, rose more than 3 basis points to close at 4.408%;while the benchmark 10-year U.S. Treasury yield rose by a smaller margin, closing at 4.795%.
As rising oil prices fueled inflation and the risk of higher interest rates, spot gold fell below the psychological $4,400 threshold, dropping nearly $100 from its intraday high at one point, and ultimately closed down 1.15% at $4,355.55 per ounce;Spot silver ultimately closed down 0.64%, at $65.76 per ounce.
As the U.S. and Iran continued to exchange attacks, and the Houthi rebels launched large-scale attacks on Saudi military and oil facilities, international oil prices rose for the second consecutive trading day.WTI crude oil broke through the $92 mark, ultimately closing up 1.65% at $92.26 per barrel; Brent crude oil closed up 1.97% at $97.68 per barrel.
All three major U.S. stock indices closed lower: the Dow Jones Industrial Average fell 1.1%, the S&P 500 dropped 0.58%, and the Nasdaq Composite declined 0.32%. Nvidia (NVDA.O) fell 2%, while Qualcomm (QCOM.O) rose 3%.Intel (INTC.O) rose 9%, and SK Hynix (SKHY.O) gained 4.8%. The Nasdaq Golden Dragon China Index closed down 1.7%; iQIYI (IQ.O) surged nearly 12%, while Baidu (BIDU.O) fell 7%.