On Monday, following the U.S. announcement of expanded sanctions against Iran and additional tariffs on Canadian goods, the U.S. Dollar Index briefly rose back above the 99 mark during intraday trading. However, it gave up some of its gains during the U.S. trading session and ultimately closed up 0.15% at 98.99;The yield on the benchmark 10-year U.S. Treasury note closed down 3.4 basis points at 4.702%, while the yield on the 2-year U.S. Treasury note—which is sensitive to the Fed’s policy rate—closed down 1.2 basis points at 4.232%.
Spot gold maintained its upward momentum, briefly surging above $4,680 during the session but failing to hold that level, eventually closing up 1.05% at $4,651.65 per ounce;Spot silver continued to fluctuate, eventually closing up 0.01% at $68.95 per ounce.
Crude oil gapped lower at the open and continued to fluctuate as some investors recently took profits and remained unconcerned about new U.S. sanctions against Iran.WTI crude fluctuated above $84 and ultimately closed down 2.03% at $84.55 per barrel; Brent crude closed down 2.17% at $90.39 per barrel.
The three major U.S. stock indices posted mixed results, with the Dow Jones Industrial Average closing up 0.26%,the S&P 500 fell 0.28%, and the Nasdaq fell 0.76%. SK Hynix (SKHY.O) fell 4.9%, Micron Technology (MU.O) fell 5.8%, SanDisk (SNDK.O) fell 6.4%,NVIDIA (NVDA.O) and Intel (INTC.O) fell by about 3%. The Nasdaq Golden Dragon China Index closed down 1.67%, with NetEase (NTES.O) down 4% and Alibaba (BABA.N) down 0.7%.