Lebanon Reaches Ceasefire Agreement | Market Overview for the Evening of June 19


On the evening of June 19, U.S. stocks were closed all day for the U.S. June holiday, stock index futures slightly weakened, and commodities showed mixed movements due to news from the Middle East situation.
🛢️ Short-term plunge in crude oil
Reuters citing U.S. officials reported that Israel and Hezbollah in Lebanon reached a ceasefire, which took effect on Friday afternoon at 4 p.m., easing geopolitical risks and pressuring oil prices. International oil prices declined, with WTI crude down 0.69% to $75.33 per barrel; Brent crude down 1.01% to $78.71 per barrel.
🌕 Precious metals decline
Spot gold and silver fell more than 1% intraday.
📌 Follow-up geopolitical developments
Iran's Foreign Ministry spokesperson condemned Israel's attack on Lebanon, directly blaming the United States, and stated that Iran will take all necessary measures to safeguard its own and its allies' security interests.
GLDX1.26%
PAXG-0.75%
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