Oil and gold fall together on Trump’s declaration that the ceasefire has ended
When President Donald Trump declared that the ceasefire with Iran had ended, 10day U.S. Eastern time, international oil prices and gold prices fell. WTI closed at 71.41 per barrel, Brent crude at 76.01, and gold futures at 4,111.20 per troy ounce.
President Donald Trump’s remarks on Iran 10day U.S. Eastern time affected the market and pushed down oil and gold prices. The remarks were reflected in exchange closing prices as they were directly tied to investor sentiment and moves in interest-rate-sensitive asset prices.
On 10, Trump wrote on his Truth Social account, "Iran has asked us to continue negotiating. We agreed, but the ceasefire is over. "
At the New York Mercantile Exchange, the 8 contract for West Texas Intermediate crude fell by 0.67 to close at 71.41 per barrel.
Brent crude 9for the nearby contract fell by 0.29dollars and closed at 76.01dollars per barrel.
At COMEX, under the Chicago Mercantile Exchange, 8the gold futures contract for 4,140.80delivered at the nearby settlement was 4,111.20dollars, and on the day it traded at dollars per troy ounce.
At the time of reporting, some reports said U.S. Treasury yields were putting downward pressure on gold prices. This rate movement is interpreted as affecting the prices of assets such as gold that do not carry interest costs.
Market indicators and Trump’s remarks were 10confirmed by the U.S. market close figure. The related market still leaves room for additional volatility depending on later interest-rate and geopolitical news.
Sources: 연합인포맥스
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