Trump's Tough Talk Rocks the Market: Oil Price Surges, Gold Plunges, Risk Assets Under Pressure

BlockBeats News, April 2nd, in today's national address, U.S. President Trump declared that the military action against Iran has achieved a "rapid and decisive victory," with the core objectives close to completion. He explicitly stated that further "heavy blows" will be delivered to Iran in the next two to three weeks, without mentioning a ceasefire arrangement or a clear exit strategy, triggering intense market volatility.

In the energy market, Trump threatened to target Iran's energy infrastructure if no agreement is reached, while reiterating that the Strait of Hormuz should be secured by other countries to ensure navigation, significantly raising supply disruption expectations. In response, WTI crude oil surged above $103 per barrel, Brent crude surpassed $102 per barrel, both recording intraday gains of over 4%, rapidly expanding energy risk premiums.

The financial markets came under simultaneous pressure: U.S. stock futures declined, with S&P 500 futures falling by about 0.5%, and Asia-Pacific stock markets reversing gains. The U.S. 10-year Treasury bond yield rose to around 4.35%, while the Japanese 30-year bond yield also climbed, reflecting a repricing of inflation and policy uncertainty by the market.

Precious metals experienced a significant pullback, with spot gold dropping below $4700 per ounce, posting an intraday decline of over 2%. Silver's decline expanded to over 3%, indicating a temporary outflow of safe-haven funds amidst rising interest rates and short-term risk aversion disturbances.

Market analysis believes that Trump's speech oscillated between the contradictory signals of "approaching victory" and "continuing strikes," failing to provide a clear resolution to the conflict or alleviate concerns about strait navigation. Instead, it reinforced energy supply risks and global inflationary expectations, leading to severe divergence in commodity prices and risk assets.