On Wednesday, U.S. media said Iran is “evaluating” the U.S. proposal for a truce memorandum of understanding that includes 14 provisions, and Trump has repeatedly expressed optimism about a deal while threatening to restart bombing. The Iranian side pointed out that the U.S. media reports are inaccurate, said it is still reviewing the U.S. proposal.
The U.S. dollar index fell hard, driven by a combination of weakening safe-haven appeal and doubts over Japan’s foreign exchange intervention, hitting a low of 97.62 before eventually closing down 0.486% at 98.01. U.S. bond yields extended their losses, with the benchmark 10-year yield closing at 4.351% and the 2-year yield, which is sensitive to Fed policy rates, closing at 3.87%.
U.S.-Iranian peace talks hopes rekindled to further ease inflation concerns and upward pressure on interest rates, spot gold stood on 4720 U.S. dollars / ounce during the session, hitting a new high of more than a week, and ultimately closed up 2.93% at 4691.05 U.S. dollars / ounce; spot silver closed up 6.2% at 77.35 U.S. dollars / ounce.
International oil prices jumped. After the U.S. and Iran were rumored to be close to a memorandum of understanding agreement to end the war, WTI crude oil continued to sink, at one point fell more than 13%, losing $ 90 per barrel for the first time since April 21, and then rebounded after Trump threatened to restart the bombing and Iran weakened the market’s expectations, and ultimately ended 6.3% lower at $ 97.09 per barrel; Brent crude oil ultimately ended 7.82% lower at $ 100.45 per barrel .