[MARKET ANALYSIS] Oil rallied and gold sold off after US President Trump's tough talk during the primetime address

WTI/Brent: WTI May'26 +3.0% / Brent Jun'26 +3.8%

• Oil prices climbed with WTI crude ascending back above the USD 100/bbl level after tough talks from US President Trump at his primetime address dampened hopes of a de-escalation, with Trump threatening to hit Iran's electric plants if there is no deal and said they could hit Iran's oil.

Gold: -1.3%

• Retreated as the dollar, oil and yields climbed after hopes for an off-ramp in the Iran conflict were dashed by President Trump's latest threats.

Copper: -1.2%

• Declined as risk sentiment was soured by Trump's fighting rhetoric against Iran.