On Tuesday, as the market increasingly priced in the possibility of a Fed rate hike, the U.S. Dollar Index traded sideways above the 101 level and ultimately closed up 0.03% at 101.16;The benchmark 10-year U.S. Treasury yield closed at 4.47%, while the 2-year U.S. Treasury yield, which is sensitive to the Fed’s policy rate, closed at 4.183%.
Amid market concerns over the U.S.-Iran memorandum of understanding, spot gold ultimately closed down 0.22% at $4,007.82 per ounce, marking its first quarterly decline since 2024 and its largest quarterly drop since the second quarter of 2013;Spot silver ultimately closed up 0.48% at $58.58 per ounce.
As hostilities between the U.S. and Iran subsided and a fragile ceasefire took hold, international oil prices remained near their lowest levels since the conflict began.WTI crude oil ultimately closed down 0.56% at $70.26 per barrel; Brent crude oil recorded its largest quarterly decline since 2020, closing down 0.5% at $73.38 per barrel.
In U.S. stock markets, the Dow Jones Industrial Average closed up 0.26%, the S&P 500 rose 0.78%, and the Nasdaq gained 1.52%.Apple (AAPL.O) and Nvidia (NVDA.O) rose by about 2%, Micron Technology (MU.O) gained nearly 1%, SpaceX (SPCX.O) rose 4%, and SanDisk (SNDK.O) surged more than 10%.The Nasdaq China Golden Dragon Index closed up 0.63%, with Xpeng Motors (XPEV.N) rising 3.4%.