As oil prices fell, US Treasury yields fluctuated and the dollar strengthened.
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Both WTI and Brent crude oil prices fell by about $1 in the short term, while spot gold rose by about $20 in the short term.
According to Odaily data, WTI and Brent crude oil prices fell by about $1 in the short term, while spot gold rose by about $20. In terms of news, Trump did not reiterate his intention to terminate the interim agreement with Iran during the NATO summit.
U.S. Treasury yields fell, with the 10-year Treasury yield at 4.457%.
According to ChainCatcher, citing Jinshi, US Treasury yields fell after the release of the non-farm payroll report. The 10-year Treasury yield fell 1.76 basis points to 4.457%.
Gold fell below $4,100 per ounce, while both WTI and Brent crude oil prices surged by 5%.
According to BlockBeats, on July 8th, based on Bitget market data, with renewed tensions between the US and Iran, Brent crude oil surged 5.00% intraday, currently trading at $75.67 per barrel. WTI crude oil rose above $72 per barrel, also up 5.00% intraday. Spot gold fell below $4100 per ounce, down 1.54% intraday.
Gold and silver prices generally fell, while cryptocurrency volatility decreased, with the BVIX down 2.26% on the day.
According to the latest data from Odaily, gold prices fell to $4,143.57 per ounce, a daily drop of 0.97%. Silver prices fell to $61.693 per ounce, a daily drop of 1.24%. The BVIX (BTC Volatility Index) is currently priced at 39.85, down 2.26% on the day. The EVIX (ETH Volatility Index) is currently priced at 54.47, up 2.18% on the day. In the foreign exchange market, the US dollar rose 0.26% against the offshore yuan (USD/CNH) during the day, with the current exchange rate at 6.79888. The US dollar rose 0.7% against the Japanese yen (USD/JPY) during the day, with the current exchange rate at 162.358. In terms of global stock indices, the Euro Stoxx 50 index fell 0.37% to 6379.2 points; the UK FTSE 100 index rose 0.01% to 10659.2 points; and the German DAX 40 index fell 0.44% to 25729.5 points. In commodities, WTI crude oil rose 0.41% to $69.25 per barrel. Brent crude oil rose 0.93% to $72.47 per barrel. Gate allows users to trade traditional financial market products directly within the platform, providing a one-stop solution for various asset classes including precious metals, forex, global equity CFDs, major indices, and commodities, achieving deep integration between crypto assets and traditional financial assets. Gate TradFi functionality is fully integrated into the Gate App and Web platform, allowing users to conveniently participate in global asset price trading without switching platforms, unlocking more strategies and opportunities beyond the crypto market, and continuously enhancing their diversified asset allocation experience.
Crude oil futures main contracts collectively strengthened
According to Odaily data, crude oil futures contracts collectively strengthened, with SC crude oil rising 5.08% to 461.7 yuan/barrel. Low-sulfur fuel oil (LU) rose 5.59% to 3983 yuan/ton. Fuel oil rose 5.44% to 3083 yuan/ton. Asphalt prices narrowed their decline to 1.04% to 3805 yuan/ton.
The US unemployment rate unexpectedly fell to a one-year low in June, causing the dollar index to decline briefly and spot gold to surge.
According to Odaily data, the US unemployment rate fell to 4.2% in June, the lowest level since June 2025, lower than the market expectation of 4.3%. The US dollar index (DXY) fell 30 points to 100.85. Spot gold surged, reaching $4120 per ounce, up 2.20% on the day. The yield on the 10-year US Treasury note fell 1.76 basis points to 4.457%.