Trump's latest statement! Gold soars straight up! Major turbulence in the US stock market

This is about the U.S.-Iran conflict amid the Israel-Iran conflict; Trump and U.S. Secretary of State Rubio have issued a collective statement, and the capital markets have once again seen changes.

Tonight (March 30), after U.S. stocks opened, they all rose together; however, as of the time of this report, the gains suddenly narrowed, with the Nasdaq even falling during the session.

As for China concept stocks, the Nasdaq China Golden Dragon Index rose about 0.2%. Individually, iQIYI rose more than 11%, and Weiyuan Zhixing rose more than 4%.

After gold and silver once plunged sharply today, they then surged straight up. As of the time of this report, spot gold is up more than 0.8%, and spot silver is up more than 0.7%.

For crude oil, WTI crude oil is above $102, while Brent crude is up nearly 3%.

What continues to affect the market is the latest news on the Israel-Iran conflict.

First is U.S. President Trump’s latest remarks. Trump posted on a social media platform saying the U.S. is conducting serious talks with Iran to end the military actions in Iran.

Trump said, “We’ve made major progress, but if for any reason we’re unable to reach an agreement in the short term—although it’s very likely we will— and the Strait of Hormuz does not immediately resume navigation, we will blow up and completely destroy all of Iran’s power plants, oil wells, and the island of Khark, and it may even include all seawater desalination plants.”

In addition, local time on March 30, U.S. Secretary of State Rubio said the U.S. would never allow Iran to permanently control the Strait of Hormuz, set up a charging system, and so on.

That day, during an interview with the media, Rubio said the U.S. aims to achieve its military action goals against Iran “in weeks, not months.” He said, “He (U.S. President Donald Trump) prefers diplomatic channels. These (negotiation) efforts are still in the early stages. Some negotiations are underway, including through intermediaries.”

Rubio said, “But we also must be prepared for the possibility that these efforts (talks) fail,” adding that Iran “is issuing threats—to permanently control the Strait of Hormuz, establish a charging system, etc. This will absolutely not be allowed.”

In addition, Israel’s National Cyber Directorate disclosed that since the outbreak of the war, hackers associated with Iran have hacked at least 50 Israeli security cameras and launched data-wiping attacks against 60 Israeli businesses.

Israeli authorities believe the compromise of the cameras was most likely intended to assess the effectiveness of missile strikes and track the movement of Israeli forces. Most of the targeted companies are small and medium-sized, and some data has been permanently destroyed.

(Editor: Zhang Yang HN080)

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