PMI up 5 months, dollar gains. Gold eyes $4500, oil jumps 4%.

On Monday, as investors were still digesting the news of the Middle East peace talks, the US dollar index rose first and then fell, but remained stable above the 99 level, ultimately closing up 0.27% at 99.20; The benchmark 10-year Treasury yield closed at 4.453%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 4.035%. On Tuesday morning (June 2, Beijing time) in the Asian market, spot gold trading was around $4485 per ounce, with the possibility of testing the $4500 per ounce mark during the day. The probability of the Federal Reserve raising interest rates this year has fallen, as the situation between the United States and Iran is subject to renewed uncertainty. Although US President Trump has expressed hope of reaching a memorandum of understanding in the coming week, he also stated that he has not approved the memorandum. As reported by Iran's Tasnim News Agency, Iran has stopped indirect negotiations with the United States and plans to completely blockade the Strait of Hormuz by the Iranian military and its allies, crude oil rose more than 4% on Monday. WTI crude oil quickly rose in the pre session of the US market, briefly above $96, but then gave up some of the gains, ultimately closing up 4.68% at $94.45 per barrel; Brent crude oil ultimately closed up 4% at $94.47 per barrel.