On Thursday, as the market awaited Federal Reserve Chair Wash’s remarks at the Jackson Hole Symposium, the U.S. Dollar Index fluctuated above the 99 mark and ultimately closed down 0.03% at 99.12;The benchmark 10-year U.S. Treasury yield closed up 3.2 basis points at 4.681%, while the 2-year U.S. Treasury yield, which is sensitive to the Fed’s policy rate, closed up 2.4 basis points at 4.244%.
Spot gold began a decline during the Asian session, briefly falling to an intraday low of $4,565.19, before recouping all losses and returning above the $4,600 mark, ultimately closing up 0.16% at $4,601.63 per ounce;Spot silver ultimately closed up 1.68% at $69.26 per ounce.
Crude oil rose nearly 2% during the session after U.S. media reported that Trump had “no interest” in reviving the U.S.-Iran agreement from June.WTI crude briefly fell to around $80 during the European session but subsequently rebounded in a choppy trade and accelerated its gains during the U.S. session, ultimately closing up 1.87% at $82.95 per barrel; Brent crude ultimately closed up 2.19% at $88.26 per barrel.
The three major U.S. stock indices closed higher: the Dow Jones Industrial Average rose 0.2%, the S&P 500 gained 0.72%, and the Nasdaq Composite advanced 1.57%. SK Hynix (SKHY.O) rose 2%, Tesla (TSLA.O) gained 2.6%,NVIDIA (NVDA.O) rose 8.7%, and Broadcom (AVGO.O) rose 4%. The Nasdaq Golden Dragon China Index fell 0.74%; Baidu (BIDU.O) rose 4%, while Alibaba (BABA.N) fell 3%.