Iran denies US talks; USD volatile high. Fed hawkish caps gold; geopolitics lifts oil.

On Monday, Iran stated that its current focus is on implementing the memorandum of understanding and that it will not negotiate with the United States in the near future. The escalating tensions between the United States and Iran have once again pushed up oil prices and raised concerns about inflation, enhancing market expectations that interest rates will rise. The US dollar index remained near a 13 month high and ultimately closed down 0.02% at 101.11 points; The benchmark 10-year Treasury yield closed at 4.379%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 4.115%. On Tuesday morning (June 30th Beijing time) in the Asian market, spot gold traded around $4020 per barrel. The escalating tensions between the United States and Iran have raised concerns about inflation, strengthening market expectations of rising interest rates and limiting the increase in gold prices Affected by the mutual attacks launched by the United States and Iran last weekend, international oil prices soared, but then fell back to near the lowest level since the outbreak of the conflict. WTI crude oil ultimately closed up 0.27% at $70.27 per barrel; Brent crude oil ultimately closed up 0.34% at $74.05 per barrel.