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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.
Trump stated that talks with Iran 'might take place within the next two days' in Pakistan.
On Tuesday, multiple media outlets reported that the U.S. and Iran might soon begin a second round of talks. Some reports stated that U.S. officials were considering potential dates and locations for negotiations, provided that ongoing discussions between the U.S., Iran, and mediators in the coming days yield progress. Others noted that Trump remains open to continuing negotiations if he believes Iran is willing to meet U.S. demands, and would be prepared to resume talks promptly. Additionally, some sources highlighted that the key points of contention in the U.S.-Iran talks are ensuring the smooth flow of shipping through the Strait of Hormuz and addressing Iran's nuclear capabilities.
Express News | Iran is considering suspending shipping in the Strait of Hormuz to avoid disrupting the negotiation process.
Hong Kong Stock Market Midday Review | The Hang Seng Index rose 0.43% in the morning session, with storage-related stocks leading the gains.
Aluminum stocks extended their gains. London aluminum prices surged to a four-year high, and J.P. Morgan noted that spot aluminum prices still have upside potential in the coming months.
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.