Trump States US-Iran Negotiations in ‘Final Stage’, US Stocks and Gold Rise, Crude Oil Plunges

BlockBeats News, May 20th, according to Bitget market data, following Trump's statement that the US-Iran negotiations have entered the "final stage", spot gold saw a short-term rally breaking through $4550 per ounce, while WTI and Brent crude oil both experienced a sharp drop of $3, trading at $101.08 per barrel and $100.31 per barrel, respectively. The three major U.S. stock indexes continued to rise, each gaining over 1%.

Earlier, sources indicated that the agreement text between Washington and Tehran is undergoing final refinements. The Chief of Army Staff of Pakistan may visit Iran tomorrow to announce that the final version of the agreement text has been completed. If the Chief of Army Staff of Pakistan does not travel to Iran, the final version of the agreement text may be announced within a few hours. The next round of negotiation between the US and Iran will take place in Islamabad after the Hajj season (early June or beyond).

According to PolyBeats monitoring, on the prediction market Polymarket, the probability of "US-Iran reaching a permanent peace agreement" has increased, with the probability of reaching an agreement by the end of this month rising to 21% and the probability of reaching an agreement by the end of June rising to 37%.