Reversed within just a few hours! Trump says plans to strike Iran have been canceled, agreement largely finalized, and may be signed in Europe this weekend.

Trump posted that U.S.-Iran negotiations have been approved by Iran’s Supreme Leader, and the final terms have been approved by relevant parties including the U.S. and Israel. He added that the U.S. maritime blockade on Iran will remain in place until the agreement is finalized. Iranian media later stated that Iran has not yet approved any agreement text. Following Trump’s post, crude oil prices turned lower, at one point falling nearly 4%. Trump hinted that a major deal could be finalized within days, saying the Strait of Hormuz would be reopened immediately upon signing the agreement. The three major U.S. stock indices hit new daily highs, each rising at least 2%. Iran responded firmly to Trump’s earlier threats on Thursday of severe strikes and his remarks about seizing islands, warning that any further U.S. attack would trigger an even harsher response and that any miscalculation by the enemy would provoke retaliation beyond imagination.

wallstreetcn04:29

91 trading days to a 'lightning-fast bear market'! Why did gold collapse?

① On Wednesday, Comex gold futures closed at their lowest level of the year—marking their first official entry into a bear market in four years; ② What struck many precious metals traders as particularly ironic was that this occurred precisely amid growing uncertainty over the prospects of war in the Middle East, even as investors continued to seek safer havens for their capital.

cls.cnJun 11 09:48

Express News | Trump stated that the U.S.-Iran agreement has entered the final drafting stage and is expected to be signed this weekend.

Breakings03:33

Express News | Iranian media: The likelihood of Iran approving the text is very high.

Breakings03:17

Gold prices rebounded from a six-month low, driven by heightened uncertainty.

Gold rebounded on Thursday from a six-month low as markets focused on interest rate expectations and geopolitical developments. Gold futures rose 0.9% to $4,172.30 per ounce, after earlier dipping to $4,046.20—a level CNBC noted was the lowest since November last year. Spot gold climbed 1.9% to $4,148.75, recovering from an intraday low of $4,024.01. Official U.S. data showed annual inflation rising to its highest level in nearly three years, leading markets to expect the Federal Reserve to hold rates steady for an extended period. Gold prices typically move inversely to interest rates. A robust labor market and rising prices have diminished the likelihood of near-term monetary easing.

AASTOCKS03:10

Express News | Trump: Canceled tonight's strike on Iran; will announce the time and location for signing the agreement soon.

Breakings01:34