Middle East eases, dollar falls, gold up 1%.

On Wednesday, signals of easing conflict in the Middle East suppressed safe haven buying, and the US dollar index fell from its multi month high hit the previous trading day, ultimately closing down 0.26% at 98.82; The benchmark 10-year Treasury yield closed at 4.103%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 3.5600%. The price of gold rebounded on Wednesday (March 4th), with spot gold prices stabilizing around $5140 per ounce, an increase of nearly 1% for the day, quickly recovering lost ground from Tuesday's sharp correction. This round of rise is directly due to the continued escalation of the US Iran conflict and the resulting surge in global safe haven demand, while the temporary weakening of the US dollar further provides support for gold prices. The market generally believes that as long as there is no substantial cooling of the conflict, gold's position as the ultimate safe haven asset will continue to strengthen, and it may even hit a historical high. The market is expecting the prolonged war between the US and Iran and the continued interruption of crude oil supply, with international oil prices closing at a high for over a year for the second consecutive day. WTI crude oil ultimately closed up 1.67% at $76.16 per barrel; Brent crude oil closed up 0.75% at $82.51 per barrel.