On Monday, driven by the yen’s strength, the U.S. Dollar Index came under downward pressure, falling below the 99 mark and ultimately closing down 0.26% at 98.91.The USD/JPY pair briefly approached the 154 level, hitting its lowest point since February 23, and fell more than 1% on the day. The U.S. Treasury spot market was closed for the Labor Day holiday.
In light holiday trading, spot gold traded sideways around the $4,400 mark, touching a low of $4,381.13 per ounce before closing down 0.54% at $4,406.44 per ounce;spot silver ultimately closed down 0.06% at $66.18 per ounce. Amid turmoil over U.S. tariff expectations, LME copper rose to $14,533, setting a new all-time high.
International oil prices opened higher and continued to rise as the U.S. and Iran exchanged attacks on oil tankers again over the weekend, and Saudi Aramco’s oil facilities were attacked on Monday.WTI crude oil touched the $91 mark during the session and ultimately closed up 1.62% at $90.76 per barrel; Brent crude oil closed up 1.37% at $95.79 per barrel.
U.S. stock markets were closed for the Labor Day holiday.
Major European stock indices showed mixed results: Germany’s DAX 30 index closed down 0.15%, the UK’s FTSE 100 index fell 0.08%, and the Euro Stoxx 50 index closed up 0.17%.