Investors eye Middle East tensions; USD up, gold stable, oil reserves tapped.

On Wednesday, as investors remained vigilant about the further escalation of the Middle East conflict, the US dollar index first fell and then rose, returning to above $99 and ultimately closing up 0.34% at 99.26; The benchmark 10-year Treasury yield closed at 4.231%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 3.661%. On Wednesday (March 11th), spot gold closed at $5176 per ounce, a slight daily decline of 0.3%. US April gold futures fell sharply by 1.2% to $5179.10. On Thursday (March 12th) morning trading in the Asian market, spot gold fluctuated slightly and is currently trading around $51510 per ounce. The attack on ships in the Strait of Hormuz has intensified market concerns about supply disruptions, but the IEA announced the release of 400 million barrels of emergency oil reserves to the market, causing significant fluctuations in crude oil prices during the day. WTI crude oil fluctuated widely within the range of $82 to $88, ultimately closing up 2.28% at $88.44 per barrel; Brent crude oil closed up 2.82% at $91.54 per barrel.