Strait of Hormuz, major news! Trump, sudden threat! Gold and silver plunge collectively! U.S. stocks rally
Under these circumstances, global markets are experiencing volatility. As for US stocks, the three major indices all closed higher.
Regarding Chinese concept stocks, the Nasdaq Golden Dragon China Index fell more than 0.6%, with NetEase Technology and Bilibili leading the declines among individual stocks.
Gold and silver also took a dive. At the time of publication, spot gold was down more than 0.9%, and spot silver was down more than 1%.
Additionally, crude oil also showed weakness.
He stated, “I don’t want to extend the (US-Iran) ceasefire agreement.”
Trump also stated on social media that Iran had repeatedly violated the ceasefire agreement, but he did not give specifics.
Meanwhile, US Joint Chiefs of Staff Chairman Keane stated, “We are ready and can resume large-scale operations against Iran at any time.”
Regarding the Strait of Hormuz, according to Iranian sources on the 21st, after the US breached the ceasefire agreement, entry and exit to the Strait of Hormuz have been blocked. All navigation is under close control by the Islamic Revolutionary Guard Corps Navy. No vessel is authorized to pass through without a complete lift of the blockade against Iran. At the same time, passage of any warship is prohibited.
Some content is synthesized from Xinhua News Agency and CCTV News
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Global Aging Reshapes Equity and Bond Investment Logic? Pension "Longevity Bill" Accelerates Accumulation, Equities, Bonds, and Private Equity Welcome Massive Long-term Capital
As people live longer and birth rates decline, pension funds are required to allocate their assets for retirement periods that can last decades. Meanwhile, the number of workers contributing to these systems is decreasing.
Japanese Yen holds near one-month top vs weak USD as traders await Fed, BoJ meetings

Dimon Sounds the "Fivefold Alarm"! Facing Massive Fiscal Deficits and High Interest Rates, Are Coca-Cola-Like "Cash Cows" Evergreen?
The core of Dimon's warning is that while the US economy continues to expand, the cost investors must pay to maintain growth and take on risk is increasing.

Weekly U.S. Equity Macro Outlook Key Points (Oct 26 – Oct 30)
