Trusted by over 15 Million Traders
The Most Awarded Broker
for a Reason
CATEGORIES
News
- Analysis of the latest trends in gold, US dollar index, Japanese yen, euro, Brit
- Chinese online live lecture, preview for next week
- A collection of good and bad news affecting the foreign exchange market
- Concerns about the demand outlook drag down oil prices, the U.S. government shut
- How long will crude oil fluctuate around $60?
market analysis
Trump postpones the attack on Iran's power plants for another 10 days, gold prices return to below 4,400, and hopes for a ceasefire in the Middle East fade to boost oil prices
Wonderful introduction:
If the sea loses the rolling of huge waves, it will lose its majesty; if the desert loses the wild dance of flying sand, it will lose its magnificence; if life loses its true course, it will lose its meaning.
Hello everyone, today XM Forex will bring you "[XM Forex]: Trump postpones the attack on Iran's power plants for another 10 days, gold prices return to below 4,400, and hopes for a ceasefire in the Middle East fade to boost oil prices." Hope this helps you! Original content is as follows:
In early trading in the Asian market on Friday (March 27, Beijing time), spot gold was trading around US$4,398 per ounce. Gold prices fell nearly 3% on Thursday as market participants reassessed the possibility of a ceasefire in the Middle East due to the strength of the US dollar. Trump postponed strikes on Iranian power plants for another 10 days; U.S. crude oil traded around US$93.40 per barrel. Oil prices closed higher on Thursday as market hopes for a quick end to the war in the Middle East gradually faded.
Focus on the day
The stock market
U.S. stocks fell sharply on Thursday, with the Nasdaq index plunging more than 2% and confirming that it has entered a correction range. The S&P 500 index and the Dow Jones Industrial Average both fell more than 1%. Investors have sought safety amid concerns about an escalation of the U.S.-Israeli war against Iran.
The sharp surge in oil prices has intensified the market's concerns about inflation, causing the Nasdaq and S&P 500 to record their largest one-day losses since January 20. U.S. President Donald Trump said Iran must reach a deal or face continued attacks and said taking control of Iranian oil was an option, while a senior Iranian official called the U.S. ceasefire offer "unilateral and unfair" but diplomatic efforts were not over yet.
The market is swinging in the "fog of war", Doug Beath, global equity strategist at Wells Fargo Investment Institute, pointed out that conflicting signals and uncertainty surrounding the war are dominating market trends.
After the close, Trump said that at the request of the Iranian government, he would suspend attacks on Iranian energy facilities for 10 days until April 6, and said that the negotiations were progressing "very smoothly." Affected by this news, the decline of stock index futures narrowed slightly.
BoardIn terms of sectors, the energy sector was the best performer, rising 1.6%, while the xmaccount.communications services sector fell 3.5% as Meta and Google lost a lawsuit in social media harming children, and the technology sector fell 2.7%, with chip stocks being the main drag. The Philadelphia Semiconductor Index fell 4.8%. In terms of economic data, the number of people filing for unemployment benefits in the United States rose slightly last week, indicating a stable labor market and providing space for the Federal Reserve to keep interest rates unchanged while monitoring the impact of the war.
Gold Market
Gold prices fell back on Thursday as a stronger dollar and higher oil prices prompted market participants to reassess the possibility of a ceasefire in the Middle East.
Spot gold fell 2.7% to US$4,384.38 per ounce, and US gold futures closed down 3.9% to US$4,376.3. A slight rise in the dollar made dollar-denominated gold more expensive for investors holding other currencies, while higher oil prices added to inflationary pressures and reinforced expectations that high interest rates will remain in place.
KitcoMetals senior analyst Jim Wyckoff said that if the conflict continues, gold prices may fall below US$4,000, while hopes for a ceasefire and interest rate cuts may push gold prices back to around US$5,000.
A senior Iranian official called the U.S. proposal to end the nearly four-week conflict "one-sided and unfair," but U.S. President Trump said Iran would allow 10 oil tankers to pass through the Strait of Hormuz as a goodwill gesture in the negotiations. Since the outbreak of the war between the United States and Israel on February 28, gold prices have fallen by 17%.
In addition, spot silver fell 5% to $67.71, platinum fell 4.2%, and palladium fell 5%. The number of Americans filing for unemployment benefits rose slightly last week, indicating a stable labor market and providing room for the Federal Reserve to keep interest rates steady while focusing on inflation risks.
Oil market
Oil prices closed higher on Thursday, with Brent crude oil futures rising 5.7% to US$108.01 per barrel, and U.S. crude oil futures rising 4.6% to US$94.48 per barrel, as the market's hopes for a quick end to the war in the Middle East gradually faded.
The U.S. envoy confirmed that it had sent Iran a "15-point action list" as the basis for negotiations, but Iran's foreign minister said it was still reviewing the plan and had not yet entered into dialogue on ending the war. A senior Iranian official called the plan "one-sided and unfair," while U.S. President Trump said that Iran allowed 10 oil tankers to pass through the Strait of Hormuz as a goodwill gesture. The chief economist of Matador Economics pointed out that the market is confused and frustrated by the authenticity of the news from the United States and Iran, and investors are turning to safer assets.
At the same time, the Pentagon plans to send thousands more airborne troops to the Gulf region, and Yemen's Houthi armed forces aligned with Iran are preparing to attack key Red Sea shipping lanes again to show solidarity. In addition, at least 40% of Russia's oil export capacity is suspended, and one of its largest domestic refineries has suspended processing due to Ukrainian drone attacks, further exacerbating supply tensions. However, there are signs that shipping has partially recovered, a Thai oil tanker passed through the Strait of Hormuz after diplomatic coordination, and Iran also made concessions to EU countries for the first time, expressing its willingness to accept any Spanish request regarding the strait.
Foreign Market
The U.S. dollar rose against major currencies on Thursday, with the U.S. dollar index rising 0.35% to 99.97. Affected by the huge differences in the US-Iran peace agreement and the thwarted hope of de-escalating the situation in the Middle East.
An Iranian official said that the U.S. plan failed to meet the minimum requirements and only served U.S. and Israeli interests, but diplomatic efforts have not yet ended, while U.S. President Trump expressed uncertainty about whether he is willing to reach an agreement to end the war.
Corpay's chief market strategist pointed out that there are huge differences between the two sides on the terms of the negotiations. Iran has sufficient incentives to keep the Strait of Hormuz closed to tanker traffic. Global energy supply pressure is expected to rise sharply. Investors are preparing for serious economic consequences. Safe-haven demand has pushed the U.S. dollar to strengthen.
The euro fell 0.3% against the dollar to $1.1524, the pound fell 0.35% against the dollar to $1.3319, and the dollar rose 0.22% against the yen to 159.81 yen.
The number of people filing for unemployment benefits in the United States rose slightly last week, indicating a stable labor market and providing room for the Federal Reserve to keep interest rates unchanged while assessing the risk of war-related inflation. The market has fully priced in the European Central Bank's expectations for three interest rate hikes this year. ECB policymakers said that if the war causes inflation to rise sharply, raising interest rates at the next meeting is "an option."
International News
Trump said he would postpone the attack on Iran’s power plants for another 10 days
On the afternoon of March 26, local time, and in the early morning of today (March 27), Beijing time, U.S. President Trump announced at A post on the social media "Real Social" said, "At the request of the Iranian government, I hereby declare: I will postpone the attack on (Iran's) energy facilities for another 10 days to 8 p.m. Eastern Time on April 6, 2026." Trump also said, "Negotiations (with Iran) are ongoing, and despite false contrary statements made by the fake news media and other parties, the negotiations are progressing very smoothly." (CCTV International News)
The United States is considering transferring weapons and ammunition supplied to Ukraine to the Middle East
According to the "Washington Post" citing three people familiar with the matter, the Pentagon is considering transferring weapons and ammunition originally intended for Ukraine to the Middle East due to the tight supply of some key military ammunition in the United States due to the war against Iran. Reports said that possible reallocations include air defense interceptor missiles procured through NATO mechanisms. At the cabinet meeting that day, U.S. President Trump was also asked about this question, but he did not answer directly. He only said, "The United States has a large amount of ammunition, which is stockpiled in other countries, such as throughout Europe. It is sometimes transferred from one place and used in another place." NATO responded to the report and stated that weapons to Ukraine funded by NATO allies are still continuing to be delivered.
The above content is about "[XM Foreign Exchange]: Trump postpones the attack on Iran's power generation for another 10 daysFactory, the gold price returned to below 4400, the ceasefire hope in the Middle East subsided to boost oil prices." The entire content was carefully xmaccount.compiled and edited by the editor of
Disclaimers: XM Group only provides execution services and access permissions for online trading platforms, and allows individuals to view and/or use the website or the content provided on the website, but has no intention of making any changes or extensions, nor will it change or extend its services and access permissions. All access and usage permissions will be subject to the following terms and conditions: (i) Terms and conditions; (ii) Risk warning; And (iii) a complete disclaimer. Please note that all information provided on the website is for general informational purposes only. In addition, the content of all XM online trading platforms does not constitute, and cannot be used for any unauthorized financial market trading invitations and/or invitations. Financial market transactions pose significant risks to your investment capital.
All materials published on online trading platforms are only intended for educational/informational purposes and do not include or should be considered for financial, investment tax, or trading related consulting and advice, or transaction price records, or any financial product or non invitation related trading offers or invitations.
All content provided by XM and third-party suppliers on this website, including opinions, news, research, analysis, prices, other information, and third-party website links, remains unchanged and is provided as general market commentary rather than investment advice. All materials published on online trading platforms are only for educational/informational purposes and do not include or should be considered as applicable to financial, investment tax, or trading related advice and recommendations, or transaction price records, or any financial product or non invitation related financial offers or invitations. Please ensure that you have read and fully understood the information on XM's non independent investment research tips and risk warnings. For more details, please click here