Last Friday, the postponement of the U.S., Iran, and Pakistan’s trip to Switzerland briefly sparked market concerns about the prospects for negotiations, with the situation in Lebanon taking center stage. Meanwhile, traders increased their bets on a Fed rate hike.
The U.S. Dollar Index rose initially but then fell, breaking above 101 during the session to hit its highest level since May 2025. It subsequently gave up its gains and ultimately closed down 0.078% at 100.75.
Spot gold fell for the third consecutive trading day, with intraday losses reaching as much as 2% at one point, hitting a low of $4,121.79 per ounce, before closing down 1.25% at $4,155.74 per ounce;Spot silver ultimately closed down 1.31% at $64.81 per ounce.
International crude oil prices rebounded slightly amid ongoing uncertainty regarding efforts to transform the U.S.-Iran interim agreement into a lasting peace solution.WTI crude briefly dipped on rumors that Israel and Hezbollah had agreed to a ceasefire, but rebounded after the Israeli military continued drone strikes on southern Lebanon, ultimately closing up 1.34% at $76.43 per barrel;Brent crude ultimately closed up 0.99% at $79.94 per barrel.