Gold and Silver Continue to Rise, Stock Market Up, Oil Down, Iran Agrees to Unconditionally Transfer Enriched Uranium to Russia

BlockBeats News, May 18th, according to Bitget market data, the spot gold continued to rise, now trading at $4,563.90 per ounce, with spot silver rising over 2.00% intraday, currently at $77.43 per ounce.

S&P 500 futures turned positive. Nasdaq 100 index futures extended gains to 0.5%. The Euro Stoxx 600 index expanded its gain to 0.6%. The UK's FTSE 100 index and Germany's DAX30 index rose over 1%, while the Euro Stoxx 50 index and Spain's IBEX35 index increased by 0.8%.

WTI crude oil saw an intraday decline of 2.00%, now trading at $103.11 per barrel. Brent crude oil slipped below $105 per barrel, down 1.07% intraday.

On the news front, Iran's latest proposal indicates that Iran hopes to reach a long and multi-stage ceasefire agreement. Iran seeks the gradual and secure opening of the Strait of Hormuz. Iran is willing to agree to a long-term freeze of its nuclear program rather than a complete dismantling. Iran can unconditionally transfer enriched uranium to Russia instead of the United States. In addition, Iran hopes to have the agreement incorporate political language to save face.