Trump's final ultimatum, Iran refuses a temporary ceasefire, pushing up oil prices and inflation, gold prices continue to fluctuate

Ask AI · How will Trump’s final ultimatum affect stability in the Middle East?

During the Qingming holiday, Trump issued a final ultimatum to Iran. Iran said it would refuse to respond by saying whether it would accept a temporary ceasefire. The escalation of the U.S.-Iran conflict continues, oil prices keep rising, and the gold price has fallen below $4,700. In the early trading session on April 7, Brent crude oil remained at a high level of $110. COMEX gold futures are currently trading at around $4,687. In the short term, it may continue to see a choppy, sideways pattern as the U.S.-Iran situation carries on with volatility. As of the close of trading on April 3 in the Asia session, the Gold ETF Huaxia (518850) rose 3.54% on the week, the Gold-Related Equity ETF Huaxia (159562) rose 3.00% on the week, and the Base Metals ETF Huaxia (516650) fell 0.21% on the week.

In terms of news developments, U.S. President Trump recently said at a press conference that whether the war with Iran is about to escalate or is nearing its end depends on Iran’s response to the “deadline” set by him at 20:00 Eastern Time on April 7. Senior officials from the Iranian government said they have received the latest ceasefire proposal put forward by the mediator, Pakistan. The official said Iran will not accept a set deadline or exert pressure to force it to make a decision, and Iran will not reopen the Strait of Hormuz on the condition of a “temporary ceasefire” in exchange.

Related analysis notes that as the Iran war continues to escalate, the blockade of the Strait of Hormuz is driving up oil prices. The U.S. March services PMI slowed, but the input price index surged to a new 13-year high, and inflation pressure has suddenly intensified. The gold price is currently fluctuating in the $4,600–$4,700 range. With Trump’s final ultimatum approaching, expectations for a Federal Reserve rate cut have fallen sharply. A fierce contest is underway between safe-haven demand and interest-rate suppression. Gold’s short-term direction is difficult to pin down, and traders need to closely watch this week’s Federal Reserve meeting minutes and CPI data, and carefully seize the breakout opportunities in the $4,600–$4,700 range.

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