CICC Wealth Futures: Trump says US-Iran talks are effective, Iran agrees not to pursue nuclear weapons, gold market affected

Trump stated that the US and Iran have had very productive talks in the past 24 hours, and Iran has agreed not to possess nuclear weapons; an agreement may be signed before his foreign visit next week. As a result, gold has reversed its recent weakness trend. Considering the significant differences in the US-Iran negotiation goals previously, even if an agreement can be reached now, the timeline should not be underestimated; a true decline in oil prices will only occur when the Strait of Hormuz is fully open. Currently, participating in gold at this level is quite difficult and of limited value. (CICC Wealth Futures)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin