Mideast war spurred safe-haven rush; USD up, gold nears $3400.

On Tuesday, May retail sales in the United States were weaker than expected, but consumer spending was still supported by steady wage growth. The US dollar index weakened after the data was released, but as the market digested the mixed feelings reflected in the data, the US dollar quickly reversed its decline and ultimately closed up 0.69% at 98.84. The benchmark 10-year US Treasury yield closed at 4.3940%, and the 2-year US Treasury yield closed at 3.9600%. Driven by both geopolitical and economic uncertainties in recent times, it has demonstrated resilience in bottoming out and rebounding. On Tuesday, gold prices rebounded strongly after hitting a low of $3366 and closed around $3388.40, with a candlestick pattern close to a cross star, indicating intense long short market competition. At the same time, the price of silver soared to $37.22 per ounce, reaching its highest level since 2012, sparking market discussions. On this trading day, the Middle East is paying attention to news related to the Federal Reserve's decision and geopolitical situation. Due to Trump's call for everyone to evacuate Tehran, geopolitical tensions have made the market nervous. WTI crude oil ultimately closed up 5.38% at $73.75 per barrel; Brent crude oil closed up 6.31% at $77.01 per barrel.