On Wednesday, due to the diplomatic negotiations between Iran and the United States is still in a stalemate, the dollar index continued upward momentum, and eventually closed up 0.33%, at 99.53, for the third consecutive day of gains; benchmark 10-year U.S. bond yields closed at 4.500%, the Federal Reserve’s policy rate sensitive to the 2-year U.S. bond yields closed at 4.086%.
Because the market concerns about inflation, and “small non-farm payrolls” data exceeded the expectations of the market inhibit the Federal Reserve rate cuts within the year is expected, spot gold shocked downward during the day, the plate once fell below 4430 U.S. dollars, a big drop of nearly 70 U.S. dollars from the high point, and finally closed down 1.21%, at 4433.95 U.S. dollars / ounce; spot silver finally closed down 3.21% at $72.71/oz.
Due to the stalemate in the U.S.-Iran negotiations and the outbreak of new conflicts in the Gulf region, crude oil rose for the third consecutive trading day. WTI crude oil once surged to $98 during the session, but failed to stabilize here, and finally closed up 2.77% at $97.90/barrel; Brent crude oil finally closed up 2.18% at $97.29/barrel.
The three major U.S. stock indexes closed lower, with the Dow closing down 1.21%, the S&P 500 down 0.74%, and the Nasdaq down 0.89%. Microsoft (MSFT.O) and Nvidia (NVDA.O) both fell more than 3%, Oracle (ORCL.N) fell more than 5%, and Intel (INTC.O) rose 4%. The Nasdaq China Golden Dragon Index closed down 2.46%, with Alibaba (BABA.N) down more than 2%.