Global commodity market on September 4th

Foreign exchange and US Treasury bonds

The US dollar index ran near 99.58, slightly weakening. Federal Reserve officials released a dove talk. The market lowered its expectation of interest rate increase in September, and the yield of US 10-year treasury bond bonds fell back to around 4.76%. Tonight, the US non farm payroll data will be released, with a strong wait-and-see sentiment in the market and increased volatility risks.

Energy sector

WTI crude oil: $91.73 per barrel,+0.47%; Brent crude oil is priced at $95.52 per barrel, which is -0.12%. The ongoing geopolitical conflict in the Middle East has raised shipping risks in the Strait of Hormuz, and crude oil has seen a significant increase this week. In the short term, it is supported by geopolitical sentiment, and the focus will be on whether the conflict will further spread.
LME base metals (London market)

Luntong: $14340/ton, with slight fluctuations, weak expectations for overseas manufacturing, incomplete fulfillment of domestic gold demand, and a long short game.
Lunni: 16780 US dollars/ton, -0.74%. There are repeated rumors on the Indonesian supply side, and external fluctuations have increased. Domestic spot prices follow the market trend, and downstream purchases are cautious.
Lunlv and Lunxi have a narrow range of finishing, with limited overall fluctuations.
precious metals

COMEX gold surged and fluctuated, approaching $4520 per ounce during trading. The cooling expectation of the Federal Reserve's interest rate hike led to a strengthening of gold prices; Silver has risen stronger than gold, driven by both industry and risk aversion.

Overseas Black&Steel

External iron ore futures fluctuated slightly; Overseas hot coil spot prices remain high, with weak terminal demand in Europe and America, stable quotes from overseas steel mills, and limited increase in export orders.

Global stock markets

Overnight, the three major US stock indices closed higher, with the Dow Jones Industrial Average, S&P 500, and Nasdaq rising simultaneously; The Asia Pacific region is divided, with the market focusing on the evening US non farm payroll data, waiting for policy direction guidance.