On Monday, the U.S. Dollar Index rose before retreating; it briefly touched 101 during the session and ultimately closed down 0.01% at 100.86;The benchmark 10-year U.S. Treasury yield closed at 4.474%, while the 2-year U.S. Treasury yield, which is sensitive to the Fed’s policy rate, closed at 4.116%.
Affected by the dollar’s strong performance in early trading, spot gold opened higher but closed lower, ultimately ending down 0.25% at $4,165.13 per ounce; spot silver closed down 0.59% at $62.06 per ounce.
No new progress was reported in U.S.-Iran negotiations, but ships continued to pass through the Strait of Hormuz, causing international oil prices to consolidate with volatility. WTI crude closed slightly lower, down 0.23%, at $68.61 per barrel; Brent crude ultimately closed up 0.05%, at $71.99 per barrel.
U.S. stocks closed higher, with the Dow Jones Industrial Average up 0.3%, the S&P 500 up 0.7%, and the Nasdaq up 1.1%. Western Digital (WDC.O) rose 7%, Broadcom (AVGO.O) rose 3.7%,ASML (ASML.O) rose 3%, and Micron Technology (MU.O) and Intel (INTC.O) each rose around 1%. The Nasdaq Golden Dragon China Index closed up 1.7%, with NIO (NIO.N) rising 4.7%.