US-Iran-Israel conflict shakes markets: USD dips then rebounds, gold nears $4700, oil up 3%+

On Wednesday, influenced by concerns about the ongoing conflict between the United States, Israel, and Iran, the US dollar index first fell and then rose, ultimately closing up 0.24% at 98.61; The benchmark 10-year Treasury yield closed at 4.307%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 3.806%. On Thursday morning (Beijing time, April 23), spot gold traded around $4730 per ounce in the Asian market, with the possibility of testing the $4700 per ounce mark for the day. There is still uncertainty about whether the US Iran peace talks can resume, and Federal Reserve Chairman nominee Walsh stated that he has not promised Trump a rate cut to limit the rise in gold prices. Thanks to the decline in US gasoline and distillate inventories, as well as reports of at least three container ships being shot in the Strait of Hormuz, international oil prices have risen. WTI crude oil started to rise before the European market and briefly surged to $96, ultimately closing up 2.73% at $95.32 per barrel; Brent crude oil ultimately closed up 2.19% at $96.86 per barrel.