On Monday, Trump said the attack on Iran scheduled for Tuesday was put on hold at the request of Middle Eastern countries. In the event that an acceptable agreement is not reached, a large-scale full-scale military strike against Iran should be ready for immediate execution.
The U.S. dollar index dived, eventually closing down 0.02% at 98.96 points; the yield on the benchmark 10-year U.S. bond closed at 4.593%, while the yield on the 2-year U.S. bond, which is sensitive to Fed policy rates, closed at 4.059%.
Spot gold pulled up quickly, eventually closing up 0.58% at $4,566.19 per ounce; spot silver eventually closed up 2.25% at $77.68 per ounce.
U.S. and Brent oil quickly retreated, after once rose more than 3%. WTI crude oil finally closed up 0.92% at $106.87 / barrel; Brent crude oil almost back out of all the gains during the day, finally closed up 0.19% at $109.35 / barrel.
The U.S. Dow closed up 0.3%, the S&P 500 lost 0.07%, and the Nasdaq fell 0.5%. Nvidia (NVDA.O) fell 1%, Micron Technology (MU.O) dropped 6% and Tesla (TSLA.O) fell nearly 3%. The Nasdaq China Golden Dragon Index closed down 0.7 percent and Ideal Motors (LI.O) fell nearly 10 percent.