Global financial markets experienced significant volatility as former President Donald Trump delivered a new speech. Prices for precious metals plummeted sharply. At the time of writing, spot gold and spot silver saw their losses widen to 1.45% and 2.9%, respectively.
The cryptocurrency market and U.S. stock index futures also registered notable declines.
South Korea's stock market fell considerably, while the three major indices in China's A-share market opened lower collectively.
In contrast, oil prices surged dramatically, with Brent crude oil rising more than 4%.
On the news front, on April 1, former U.S. President Trump claimed in a speech that military actions against Iran had resulted in a "swift, decisive, and overwhelming victory." Trump stated that Iran's missile and drone capabilities had been "significantly degraded," with weapon factories and rocket launchers left "largely depleted." He also described strikes on Iranian nuclear facilities as a "major success," reducing nuclear threats for the U.S. and other nations.
Trump indicated that the core strategic objectives of U.S. operations against Iran were "nearing completion," adding that the U.S. did not need the Strait of Hormuz in the past and does not need it now.
He further warned of more intense strikes against Iran in the coming weeks. Should negotiations fail, the U.S. would launch severe attacks on all of Iran's power plants. Additionally, the U.S. is conducting strict surveillance and control of these facilities via satellite. Any suspicious movements detected would prompt immediate missile strikes aimed at delivering "devastating" blows.
Comments