CPI meets expectations; USD rebounds after Wednesday dip; Gold drops >2%, tests $4000.

On Wednesday, due to the CPI data meeting expectations, the US dollar index fell slightly in the pre-market period, but later Trump announced that he would resume a "fierce crackdown" on Iran. The US dollar index continued to rebound and returned to the 100 mark, ultimately closing up 0.09% at 100.04; The benchmark 10-year Treasury yield closed at 4.559%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 4.158%. On Thursday morning (June 11th Beijing time), spot gold continued to decline in the Asian market, hitting a 7-month low and potentially testing the $4000/ounce mark during the day, benefiting from the escalating tensions in the Middle East that raised concerns about inflation and interest rate hikes. Crude oil began to rise in the pre US session. WTI crude oil returned above the $90 mark, ultimately closing up 3.36% at $92.69 per barrel; Brent crude oil ultimately closed up 2.88% at $93.74 per barrel.