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Monitoring agencies reported that two vessels departing from Iran passed through the Strait of Hormuz, while the U.S. military stated that tens of thousands of personnel were enforcing a 'blockade order' at Iranian ports, resulting in six ships turning ba
According to Kpler, two vessels successfully passed through the Strait of Hormuz after departing from Iran despite U.S. blockades. The U.S. military stated that no ships breached the blockade during the first 24 hours of the operation to seal off Iranian ports; the U.S. is committed to ensuring smooth passage for non-Iranian vessels traveling to and from the strait. U.S. media reported that five out of six returning ships were carrying oil, and no shots were fired during the U.S. naval blockade. Iranian media claimed that Trump’s remarks on Monday regarding navigation through the Strait of Hormuz did not align with reality. Analysts noted that the U.S. naval blockade appeared to comply with the rules of naval warfare.
Hong Kong-listed gold stocks collectively gained strength, with Lingbao Gold and Chifeng Gold rising over 3%.
Gelonghui, April 15 | Gold stocks in the Hong Kong stock market collectively gained strength. Among them, China Gold International rose over 5%, Zijin Gold International, Lingbao Gold, Tongguan Gold, and Chifeng Gold increased over 3%, Zhufeng Gold, Zijin Mining, and China Silver Group rose over 2%, and Shandong Gold increased over 1%. In terms of news, Trump stated that the conflict in Iran was nearing its end, with markets anticipating U.S.-Iran negotiations and a potential easing of tensions in Iran, driving up gold and silver prices. Spot gold rose by 0.6% at one point to USD 4,871.51 per ounce, while spot silver surged 1.48% to USD 80.74 per ounce.
Gold Dropped 10% Amid US-Iran Tensions? Experts Reverse Stance: Safe-Haven Status Undermined, More Like a 'High Beta Asset'!
Gold was once a good hedge against market pullbacks, but that is no longer the case. Robin Brooks, a senior fellow at the Brookings Institution, former chief economist of the Institute of International Finance, and former chief foreign exchange strategist at Goldman Sachs, warned that gold now behaves more like a 'high-beta asset,' which actually amplifies rather than mitigates market sell-offs.
The US blockade order on Iranian ports took effect, Trump stated that Iran called the US expressing a desire to reach an agreement, and threatened to destroy Iranian fast attack vessels.
Trump stated that fast Iranian attack boats approaching the blockade zone will be immediately neutralized, akin to how drug-running vessels are handled; Iran will not be permitted to possess nuclear weapons, and without their agreement, there will never be a deal. Once the Iran issue is resolved, action against Cuba might follow. Iran warned that if the U.S. blockades the Strait of Hormuz, it would lose access to the Bab-el-Mandeb Strait; any attempt by the U.S. to militarily intervene in the Strait of Hormuz will fail; should the conflict persist, new combat methods will be deployed. Reports indicate that U.S. officials confirmed continued engagement with Iran following weekend talks in Islamabad; over 15 U.S. warships are positioned to support the blockade. According to maritime analysis firms, at least two oil tankers turned back after the blockade order took effect. The door for negotiations between the U.S. and Iran remains open as both sides engage in bargaining, with mediators Pakistan, Egypt, and Turk
Top-tier banks have reversed their positions to go long on gold, with a year-end price target of up to $6,000 per ounce!
A top Swiss private bank believes that, as the reshuffling of long positions completes, the long-term bullish drivers such as central bank gold purchases and fiscal deficits remain solid. The current volatility and pullback present an excellent opportunity for phased accumulation of gold positions.
Gold and U.S. Treasury bonds plummeted simultaneously! Amid fears over the situation in the Middle East, markets once again witnessed a phenomenon where 'safe-haven assets no longer serve as safe havens.'
Following the unsuccessful US-Iran peace talks over the weekend, combined with the heightened global energy supply shock due to the US plan to blockade the Strait of Hormuz, concerns about inflation rapidly escalated. Shortly after the market opened on Monday, both gold and US Treasury bonds declined, presenting another unusual scenario in a panic-stricken environment where 'safe-haven assets fail to serve as safe havens.'