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Trump’s harsh words sent oil prices soaring, gold and silver plummeting, and the U.S. dollar rebounding
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Hello everyone, today XM Forex will bring you "[XM official website]: Trump made harsh words, oil prices soared, gold and silver plummeted, and the U.S. dollar rebounded." Hope this helps you! The original content is as follows:
On April 3, in early trading in Asia on Friday, Beijing time, the U.S. dollar index was hovering near 100. In a speech to the nation during the Asian session on Thursday, Trump said that if an agreement cannot be reached, the United States will carry out more aggressive strikes against Iran in the next two to three weeks. Subsequently, global risk sentiment deteriorated sharply, boosting the strength of the US dollar and putting significant pressure on xmaccount.commodity prices. During the U.S. trading session, Iran said it was drafting an agreement with Oman on access to the Strait of Hormuz, and the market fluctuated sharply again. The U.S. dollar index rose to 100.25 after Trump's prime-time speech, then fell to 99.8 after news that Iran and Oman drafted an agreement on passage of the Strait of Hormuz. It finally closed up 0.002% at 100.02; the benchmark 10-year U.S. bond yield closed at 4.311%, and the 2-year U.S. bond yield, which is sensitive to the Federal Reserve's policy interest rate, closed at 3.8090%. International gold and silver prices continued to dive as Trump's speech wiped out investors' hopes for a clear timeline for the end of the war, thereby pushing up crude oil prices and dampening hopes of interest rate cuts. After spot gold hit the $4,800 mark (a two-week high) on Thursday, the intraday trend reversed sharply, falling to around $4,550 in the afternoon. The U.S. market once rebounded to above $4,700, and finally closed down 1.7% at $4,675.64 per ounce. Spot silver once fell below the $70 mark, and the U.S. market narrowed its losses, finally closing down 2.69% at $73.02 per ounce. Trump vowed to escalate the war with Iran in the xmaccount.coming weeks, a move that may prolong the interruption of energy flows in the important Strait of Hormuz. WTI crude oil rose to more than $110 per barrel, and finally closed up 13.28% at $112.28 per barrel, rising by more than $13 in a single day; Brent crude oil finallyIt closed up 7.78% at $106.54 per barrel. Dated Brent crude, the benchmark for physical North Sea crude delivery, topped $140 a barrel on Thursday, its highest level since 2008.
Analysis of major currency trends
U.S. dollar index: As of press time, the U.S. dollar index is hovering near 100. President Trump said that the United States will continue its war in the Middle East, which is optimistic for the oil market. Traders also focused on initial jobless claims reports. The report showed that 202,000 Americans filed for unemployment benefits in the week, xmaccount.compared with analysts' forecast of 212,000. Technically, the U.S. dollar index stabilized between support 99.70–99.85 and resistance 100.35–100.50. If it breaks through 100.50, the US dollar index will move towards 101.00 points.



Gold and crude oil market trend analysis
1) Gold market trend analysis
In the Asian market on Friday, gold hovered around 4676.31. Precious metal prices fell as U.S. President Donald Trump's xmaccount.comments about war with Iran pushed up oil prices. Trading activity remained subdued due to Good Friday. In a prime-time White House televised address on Thursday, Trump said his core "goals" on Iran are "close to being accomplished." Still, he added, the U.S. will spend the next two"Extremely severe" strikes against Iran within three weeks.

2) Analysis of crude oil market trends
In the Asian session on Friday, crude oil traded around 112.30. The crude oil market continued its strong rise on April 3. Geographical risks shifted from short-term shocks to long-term institutionalized control. WTI and Brent broke through 110 US dollars per barrel, hitting new highs since 2022. Driven by Iran's strategic shift to joint control and tolling of the Straits, the escalation of the military confrontation between the United States and Iran, and the widening of the global supply gap, institutions have collectively raised their oil price expectations. In the short term, $120 has become a new support, and the risk warning of $150 has heated up. Global stagflation pressure has increased sharply.

Technical: Given the continued risk of price shocks, now may be a good time to review the overall technical outlook for crude oil. February's rally triggered an upside breakout of a large descending wedge, which followed a roughly 117% rise from the previous wave low. Of note is the correlation between this rise and the advance to the 2022 high of $131.31, which followed a 112% rise in crude oil prices. It is worth noting that the previous cycle was divided into three distinct phases from the end of 2020. As mentioned above, the first period increased by approximately 292%, the second period increased by 112%, and the third period increased by 112%.
Foreign exchange market trading reminder on April 3, 2025
①09:45 China's March RatingDog service industry PMI
②14:45 French February industrial output monthly rate
③20:30 U.S. unemployment rate in March
④20:30 U.S. March seasonally adjusted Non-agricultural employment population
⑤20:30 Annual average hourly wage rate in March in the United States
⑥20:30 Average hourly wage monthly rate in March in the United States
⑦21:45 S&P Global Services PMI final value in March in the United States
The above content is about "[XM Official Website]: Trump's harsh words, oil prices skyrocketed The entire content of "Gold and Silver Slump, Dollar Rebounds" was carefully xmaccount.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thanks for the support!
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