USD up on US-Iran tensions; gold ↓2% <$4700, oil ↑5%+.

On Tuesday, the US dollar index fluctuated upward within the day, with increased volatility during the US trading session, ultimately closing up 0.35% at 98.38; The benchmark 10-year Treasury yield closed at 4.299%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 3.779%. Gold prices plummeted more than 2% on Tuesday, falling below the $4700 mark. The strong US dollar and high US bond yields form a dual suppression, and strong retail data has led to a sharp drop in expectations of interest rate cuts. The signals of the US Iran negotiations are full of contradictions, with both the extension of the ceasefire and the cancellation of the talks going hand in hand, and the market expected to be deadlocked. The Walsh hearing released hawkish reform signals, further suppressing hopes of easing. Gold is facing a severe pullback under multiple forces, and the storm is far from over. After sustained fluctuations, international oil prices rose sharply during the US trading session. WTI crude oil surged over 4% during the day and returned to above $90, ultimately closing up 4.79% at $92.79 per barrel; Brent crude oil ultimately closed up 4.84% at $94.77 per barrel.