On Monday, as the market continued to digest comments made last week by Federal Reserve Chair Wash, the U.S. Dollar Index fluctuated lower and ultimately closed down 0.27% at 99.41;The benchmark 10-year U.S. Treasury yield closed up 3.9 basis points at 4.756%, while the 2-year U.S. Treasury yield, which is sensitive to the Fed’s policy rate, closed up 0.2 basis points at 4.354%.
Spot gold traded in a narrow range near its two-week low, eventually closing down 0.12% at $4,448.98 per ounce; spot silver followed gold’s fluctuations, eventually closing up 0.35% at $66.54 per ounce.
Crude oil opened higher and continued to rise as renewed military operations between the U.S. and Iran sparked market concerns over global supply disruptions.WTI crude opened higher and trended upward, briefly approaching $86 during the session, and ultimately closed up 3.19% at $85.40 per barrel; Brent crude reclaimed the $90 mark and closed up 2.68% at $90.33 per barrel.
The three major U.S. stock indices closed lower: the Dow Jones Industrial Average fell 0.7%, the S&P 500 dropped 0.33%, and the Nasdaq Composite declined 0.12%. Tesla (TSLA.O) rose 5.5%, and Nvidia (NVDA.O) gained over 1%.SK Hynix (SKHY.O) rose 2%, and SanDisk (SNDK.O) rose 5.5%. The Nasdaq Golden Dragon China Index closed down 2.18%, with Alibaba (BABA.N) falling 4%.