The Iran War lifted the US dollar, while gold fell 1.14%, closing bearish for two weeks.

Last Friday, due to the continued uncertainty of the Iran War, the US dollar remained a safe haven, causing the US dollar index to fluctuate upwards and return to the 100 mark for the first time since November last year. It ultimately closed up 0.78% at 100.52, the third consecutive trading day of strength; The benchmark 10-year Treasury yield closed at 4.282%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 3.734%. The US dollar against the Japanese yen once approached the 160 mark, reaching a new high since July 2024. Last Friday, spot gold fell slightly by 1.14% again, closing at a bearish candlestick for the second consecutive week, with a cumulative weekly decline of nearly 2.9%. This wave of correction came quickly and mercilessly, and on Monday (March 16th), the Asian market briefly fell below the $5000 integer mark, hitting a near month low of $4967.44 per ounce. The market originally had high hopes for gold, believing that it could shine in geopolitical conflicts, but in reality, it was completely suppressed by the strength of the US dollar and the inflationary cloud brought by the Middle East war. Due to the ongoing blockade of the Strait of Hormuz, crude oil prices continue to rise. WTI crude oil continued to fluctuate during the Asia Europe session, but continued to rise during the US session and approached the $100 mark, ultimately closing up 3.04% at $99.29 per barrel; Brent crude oil surged above $100 and ultimately closed up 1.96% at $100.90 per barrel.