Trump Takes Tough Stance to Shatter Ceasefire Illusion, Risk Assets Under Pressure, Precious Metals Plunge, Oil Price Surges

BlockBeats News, April 2nd, as Trump indicated that the U.S. would continue its military actions in Iran in the coming weeks, dashing investors' hopes for a clear timeline on the end of the war, thus pushing up oil prices and causing international gold and silver prices to continue to plummet.

According to Bitget data, spot gold plummeted by 4.00% intraday to $4588.73 per ounce. Spot silver fell to around $70 per ounce, down 6.72% intraday.

WTI crude oil surged by 7.05% intraday to $105.94 per barrel. Brent crude oil soared by 6.99% intraday to $107.67 per barrel.