Middle East tensions ease; gold nears $4600, oil falls.

Last Friday, according to Iranian media reports, the Iranian Foreign Minister met with the Pakistani Interior Minister to discuss a proposal to end the US Israel war, while Tehran and Washington still have differences over Iran's uranium reserves and control of the Strait of Hormuz. The sustained interruption of energy supply may affect global prices, prompting traders to include expectations of interest rate hikes in prices.

The US dollar index ultimately closed up 0.13% at 99.32; The benchmark 10-year Treasury yield closed at 4.563%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 4.132%. On Monday (May 25th Beijing time), spot gold rose more than 1% in early Asian trading, trading near 4576 yuan/ounce, and may test 2600 US dollars/ounce for the day; The probability of the Federal Reserve raising interest rates within the year has risen to 67.1%, and Federal Reserve Governor Waller has joined the call to abandon loose tendencies.

WTI crude oil ultimately closed down 1.2% at $100.97 per barrel; Brent crude oil ultimately closed down 0.81% at $105.25 per barrel.