[MARKET ANALYSIS] Oil rallied and gold sold off after US President Trump's tough talk during the primetime address
President Trump's tough rhetoric regarding Iran has escalated market tensions, leading to a significant rally in oil prices while dampening gold's appeal.
US President Trump's administration is readying to impose tariffs of 100% on certain medicines as it pushes pharmaceutical companies to manufacture more in the US, according to FT
[MARKET ANALYSIS] T-not futures declined as higher oil prices stoked inflationary concerns post-Trump speech
[MARKET ANALYSIS] Oil rallied and gold sold off after US President Trump's tough talk during the primetime address
[CALENDAR ADDITION] US President Trump is to sign executive orders on Thursday at 14:00EDT/19:00BST
Iran launched more missiles at Israel as Trump finished his speech, according to Al Jazeera
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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.
This reaction suggests that traders are reacting to heightened geopolitical risk, which typically benefits oil and weighs on safe-haven assets like gold. Watch for potential further volatility as the situation develops, particularly within energy markets and currencies linked to commodity performance.
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