China-US talks positive; USD up 3rd day; gold pressured, oil sideways.

On Thursday, the US dollar index rose for the third consecutive trading day, ultimately closing up 0.38% at 98.88; The benchmark 10-year Treasury yield closed at 4.489%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 4.03%. Spot gold slightly weakened on Thursday (May 14th), falling nearly 1% to around $4655 per ounce, recording three consecutive trading days of decline. The US gold futures for delivery in June also fell 0.4% to $4686.20 per ounce. On Friday morning (May 15th) in the Asian market, spot gold fluctuated narrowly at a relatively low level in the past week, currently trading around $4652 per ounce. International oil prices have fluctuated sideways, with Iran stating that over 30 ships have coordinated their passage through the Strait of Hormuz since Wednesday evening. WTI crude oil received support near the 100 mark and ultimately closed up 0.96% at $102.04 per barrel; Brent crude oil ultimately closed up 0.75% at $103.87 per barrel.