Iran's Strait of Hormuz blockade worries boosted the US dollar Friday; gold reached $3450.

Last Friday, due to the escalation of geopolitical tensions in the Middle East caused by Israel's attack on Iran, the market bought safe haven assets. The US dollar index rose, recovered from the 98 level, and ultimately closed up 0.31% at 98.14. The benchmark 10-year US Treasury yield closed at 4.4046%, and the 2-year US Treasury yield closed at 3.9580%. On Monday (June 16th Beijing time), spot gold opened higher, hitting $3450 per ounce at the beginning of the session. Due to the tense situation between Israel and Iran, investors are concerned about the obstruction of oil exports from the Middle East, leading to a significant increase in international oil prices. WTI crude oil rose more than 13% at one point, the largest intraday increase since 2022, and ultimately closed up 5.94% at $72.91 per barrel; Brent crude oil once broke through $76 per barrel, marking the first time since February 21st, and ultimately closed up 5.85% at $74.38 per barrel.