Fed hike bets cooled, USD slipped; gold rose; oil fell for 4th day toward $75.

On Tuesday, there was a strong wait-and-see sentiment in the market before the Federal Reserve announced its interest rate decision. The US dollar index fluctuated and fell, ultimately closing down 0.11% at 99.56; The benchmark 10-year Treasury yield closed at 4.444%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 4.064%. The global gold market has once again experienced a strong rebound. On Tuesday, June 16th, spot gold prices continued to rise by 0.5%, closing around $4331.05 per ounce. The August US futures contract also rose synchronously, with a settlement price of $4354.4. The preliminary peace agreement between the United States and Iran not only led to a significant drop in oil prices, but also directly weakened the market's bet on the Fed raising interest rates within the year, putting pressure on the US dollar and continuing to provide opportunities for gold prices to rebound. International crude oil hit a new low since early March, with reports stating that the US Iran agreement allows Iran to immediately sell crude oil to the outside world. WTI crude oil hit a low of $75.73 per barrel and ultimately closed down 5.76% at $76.7 per barrel; Brent crude oil fell below the $80 integer mark and ultimately closed down 4.47% at $79.24 per barrel.