On Tuesday, the U.S. Dollar Index fluctuated higher, approaching 100.70 twice before falling sharply; it ultimately closed up 0.11% at 100.53.The yield on the benchmark 10-year U.S. Treasury note rose 1.3 basis points, closing at 4.968%; the yield on the 2-year U.S. Treasury note, which is sensitive to the Fed’s policy rate, remained largely unchanged at 4.756%.
Constrained by a stronger U.S. dollar, spot gold maintained a downward trend during the Asian and European trading sessions. After approaching the 4,290 mark, it reversed its decline, rebounding by nearly $80, and ultimately closed up 0.34% at $4,358.58 per ounce;Spot silver ultimately closed up 1.49% at $67.01 per ounce.
Saudi Arabia is preparing to resume crude oil exports from the port of Yanbu and restart the East-West oil pipeline, while Gulf nations jointly urged the U.S. during the UN General Assembly to avoid further escalation with Iran, leading to a significant pullback in international oil prices.WTI crude plunged 2.37% to $89.48 per barrel; Brent crude ultimately closed down 1.49% at $95.27 per barrel.
In U.S. markets, the Dow Jones Industrial Average closed down 0.36%, the S&P 500 edged up slightly, and the Nasdaq rose 0.45%, setting another record closing high. Micron Technology (MU.O) rose 5%,SK Hynix (SKHY.O) rose more than 3%, SanDisk (SNDK.O) gained 6.8%, and Cisco (CSCO.O) fell more than 4%. The Nasdaq Golden Dragon China Index rose 0.32%, and Alibaba (BABA.N) gained 0.45%.