The news that the US is suspending military attacks on Iran quickly triggered a chain reaction in the global market. On July 27, London's spot gold opened high. At the time of press release, it had risen above 4,100 US dollars/ounce, up more than 1% during the day. On the same day, the intraday decline in WTI crude oil futures and Brent crude oil futures widened to 8%. Since June, gold has continued to bottom out, and recently ushered in a breakthrough after a tug-of-war around 4,000 US dollars/ounce. Interviewed experts believe that in the short term, the situation between the US and Iran is still the core main line of gold prices. Currently, the gold is bottoming out, and the market is becoming sensitive to favorable signals. At the same time, the momentum of “interest rate hike transactions” is reaching its limit, and oil prices have changed from a repressive variable to one of multiple variables.

The news that the US is suspending military attacks on Iran quickly triggered a chain reaction in the global market. On July 27, London's spot gold opened high. At the time of press release, it had risen above 4,100 US dollars/ounce, up more than 1% during the day. On the same day, the intraday decline in WTI crude oil futures and Brent crude oil futures widened to 8%. Since June, gold has continued to bottom out, and recently ushered in a breakthrough after a tug-of-war around 4,000 US dollars/ounce. Interviewed experts believe that in the short term, the situation between the US and Iran is still the core main line of gold prices. Currently, the gold is bottoming out, and the market is becoming sensitive to favorable signals. At the same time, the momentum of “interest rate hike transactions” is reaching its limit, and oil prices have changed from a repressive variable to one of multiple variables.