According to China Central Television (CCTV) News, international gold and oil prices have experienced significant volatility following the failure of US-Iran talks and reports that the United States plans to block the Strait of Hormuz. International gold prices plunged at the opening of trading on April 12, with June gold futures on the New York Mercantile Exchange (COMEX) falling below US$4,700 per ounce, at one point dropping more than 2%. International oil prices, meanwhile, rose sharply at the start of the new trading week.
During Asian trading hours on April 13, international oil prices again broke through US$100 per barrel. As of 6:50 am Beijing time, light crude futures for May delivery on the NYMEX were trading at US$104.42 per barrel, up 8.13%. Brent crude futures for June delivery were trading at US$102.36 per barrel, up 7.52%.
The US-Iran talks in Islamabad concluded on April 12 without an agreement. US President Donald Trump posted on social media on April 12 that the US Navy would begin preventing ships from entering or leaving the Strait of Hormuz.
Related News:
Comment