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Trump: No attack on Iran before Nov 3 midterms, communication productive
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Former U.S. President Donald Trump stated on his social media platform that he will not attack Iran at any time before the November 3 midterm elections, describing communication with Iran as productive. The statement triggered immediate market reactions: U.S. Treasury yields fell, WTI crude oil dropped $2.1 per barrel in five minutes to $90.44, Brent crude fell $1.75 to $103.71, and spot gold rose $10.81 per ounce to $4,121.99. The report, sourced from tradealpha, highlights the direct impact of Trump's geopolitical remarks on commodity and financial markets, reflecting investor sensitivity to potential conflict in the Middle East.
Source report
U.S. President Donald Trump stated that he will not attack Iran at any time before the midterm elections on November 3. He also described communication with Iran as productive.
Trump made the remarks on his social media platform. In response, financial markets saw the following movements:
- U.S. Treasury yields declined
- WTI crude oil fell by $2.1 per barrel within 5 minutes, trading at $90.44 per barrel
- Brent crude oil dropped by $1.75 per barrel within 5 minutes, trading at $103.71 per barrel
- Spot gold rose by $10.81 per ounce within 5 minutes, trading at $4,121.99 per ounce
Source
domesticNeutral / independent