On Wednesday, with the United States to implement a “defensive strike” against Iran, the hope of a rapid end to the war becomes remote, the dollar index continued the previous session’s gains, and finally closed up 0.08% at 99.23; benchmark 10-year U.S. bond yields closed at 4.489%, sensitive to the Federal Reserve’s policy rate of the 2-year U.S. bond The yield closed at 4.041%.
Spot gold fell to a two-month low, approaching $4,400 per ounce during the session, before finally closing down 1.13% at $4,456.07 per ounce, as markets expect monetary policy to tighten to curb rising inflation, while there was no clear sign of an end to the war in Iran, and spot gold ended down 2.28% at $74.64 per ounce.
International oil prices plunged more than 4% after Trump said the U.S. and Iran have not yet reached a deal, and the White House denied Iranian media claims.WTI crude oil finally closed down 4.26% at $92.03/barrel; Brent crude oil finally closed down 4.64% at $94.94/barrel.
The U.S. Dow closed up 0.36%, the S&P 500 gained 0.02%, and the Nasdaq rose 0.07%. Technology stocks diverged, Micron Technology (MU.O) rose 3.63%, continuing to record highs. Tesla (TSLA.O) rose 1.66%, Qualcomm (QCOM.O) fell more than 6%, Intel (INTC.O) fell 1.4%.