US military strikes Iran → USD dips then rebounds Thu; Gold resists <4765, Oil +2%+.

On Thursday, as investors closely monitored the progress of the US Iran peace talks, the controversy surrounding the Strait of Hormuz intensified market volatility. The US dollar index first fell and then rose, continuing to rise after Iran's limited opening of the Strait of Hormuz, ultimately closing up 0.26% at 98.26. The yield of US Treasury bonds rebounded, with the benchmark 10-year yield closing at 4.935% and the 2-year yield sensitive to the Federal Reserve policy rate closing at 3.913%. Affected by the fluctuating situation between the US and Iran, spot gold experienced a sharp rise and fall on Thursday (May 7th). In the morning, due to the expectation of a ceasefire, the price of gold rose by 1.5% to $4764. However, news of Iran's refusal to reopen the Strait of Hormuz and retaliatory strikes by the US military reversed market sentiment, causing gold prices to give up all their gains and close at $4687, recording a bullish candlestick. The simultaneous strengthening of the US dollar also exerts pressure on gold prices. On Friday morning (May 8th) in the Asian market, spot gold fluctuated narrowly and is currently trading around $4698 per ounce. The market is holding its breath and waiting for guidance from the non farm payroll report. International oil prices have rebounded deeply. After Iran implemented new regulations in the Strait of Hormuz to continue its efforts to institutionalize control over the waterway, WTI crude oil rebounded and ultimately closed up 1.45% at $99.27 per barrel; Brent crude oil ultimately closed up 0.79% at $101.25 per barrel.