On Wednesday, the U.S. Dollar Index rose initially but then fell, plummeting sharply ahead of the U.S. trading session amid market speculation that the Japanese government had intervened. It ultimately closed down 0.1% at 99.56;The USD/JPY pair also plummeted during the U.S. and Japanese trading sessions, falling below 159, and ultimately closed down 0.92% at 158.69;The yield on the benchmark 10-year U.S. Treasury note closed down 1.9 basis points at 4.784%, while the yield on the 2-year U.S. Treasury note—which is sensitive to the Fed’s policy rate—closed down 3.1 basis points at 4.379%.
As U.S. Treasury yields and the dollar retreated, spot gold rebounded, briefly approaching $4,400, and ultimately closed up 1.35% at $4,387.43 per ounce;Spot silver ultimately closed up 1.94% at $65.31 per ounce.
As the market continued to assess the impact of renewed military strikes between the U.S. and Iran, crude oil prices rose initially but then fell.WTI crude briefly surpassed the $90 mark during the session but then quickly retreated, giving up all of its intraday gains, and ultimately closed down 0.28% at $89.12 per barrel; Brent crude closed down 0.11% at $94.30 per barrel.
The three major U.S. stock indexes closed higher, with the Dow Jones Industrial Average up 0.56%, the S&P 500 up 0.46%, and the Nasdaq up 0.45%. Nvidia (NVDA.O) and Oracle rose 3%,SK Hynix (SKHY.O) and Micron Technology (MU.O) rose more than 2%, while Dell (DELL.N) surged 15.7%. The Nasdaq China Golden Dragon Index closed down 0.06%, with NIO (NIO.N) falling 5%.
Major European stock indices closed lower across the board, with Germany’s DAX 30 index down 0.5%, the UK’s FTSE 100 index down 0.3%, and the Euro Stoxx 50 index down 0.11%.

On Tuesday, as tensions between the U.S. and Iran escalated once again, the U.S. Dollar Index continued to strengthen throughout the day, eventually closing up 0.24% at 99.65;The benchmark 10-year U.S. Treasury yield closed up 4.7 basis points at 4.803%, while the 2-year U.S. Treasury yield—which is sensitive to the Fed’s policy rate—closed up 5.6 basis points at 4.410%.
Pressured by high U.S. Treasury yields and a stronger dollar, spot gold fluctuated lower, falling to around $4,320—a drop of more than $100 from its intraday high—and ultimately closed down 2.7% at $4,328.78 per ounce;Spot silver followed gold lower, ultimately closing down 3.72% at $64.07 per ounce.
Crude oil surged more than 4% amid intensifying market concerns over global supply disruptions.WTI crude oil continued to rise throughout the day, briefly approaching the $90 mark, and ultimately closed up 4.65% at $89.37 per barrel; Brent crude oil closed up 4.51% at $94.41 per barrel.
The three major U.S. stock indices closed lower,with the Dow Jones Industrial Average down 0.79%, the S&P 500 down 0.7%, and the Nasdaq down 1.03%. Oracle (ORCL.N) fell 5%, while Micron Technology (MU.O) and SK Hynix (SKHY.O) each fell more than 2%,Apple (AAPL.O) rose 2%, while Dell (DELL.N) fell 7%. The Nasdaq China Golden Dragon Index closed down 0.34%, with Gaotu (GOTU.N) rising 13% and NIO (NIO.N) falling 4%.
Major European stock indices closed lower across the board, with Germany’s DAX 30 index down 1.1%, the UK’s FTSE 100 index down 0.32%, and the Euro Stoxx 50 index down 0.8%.

On Monday, as the market continued to digest comments made last week by Federal Reserve Chair Wash, the U.S. Dollar Index fluctuated lower and ultimately closed down 0.27% at 99.41;The benchmark 10-year U.S. Treasury yield closed up 3.9 basis points at 4.756%, while the 2-year U.S. Treasury yield, which is sensitive to the Fed’s policy rate, closed up 0.2 basis points at 4.354%.
Spot gold traded in a narrow range near its two-week low, eventually closing down 0.12% at $4,448.98 per ounce; spot silver followed gold’s fluctuations, eventually closing up 0.35% at $66.54 per ounce.
Crude oil opened higher and continued to rise as renewed military operations between the U.S. and Iran sparked market concerns over global supply disruptions.WTI crude opened higher and trended upward, briefly approaching $86 during the session, and ultimately closed up 3.19% at $85.40 per barrel; Brent crude reclaimed the $90 mark and closed up 2.68% at $90.33 per barrel.
The three major U.S. stock indices closed lower: the Dow Jones Industrial Average fell 0.7%, the S&P 500 dropped 0.33%, and the Nasdaq Composite declined 0.12%. Tesla (TSLA.O) rose 5.5%, and Nvidia (NVDA.O) gained over 1%.SK Hynix (SKHY.O) rose 2%, and SanDisk (SNDK.O) rose 5.5%. The Nasdaq Golden Dragon China Index closed down 2.18%, with Alibaba (BABA.N) falling 4%.