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Market News The situation between the US and Iran has taken another turn for the worse, causing gold prices to surge 3% before briefly falling.
Markets News
The situation between the US and Iran has taken another turn for the worse, causing gold prices to surge 3% before briefly falling.
TOPONE Markets Analyst2026-04-09 08:35:18
Hot spot tracking
- Iranian media reports that the Strait of Hormuz has been completely closed. This news is bullish for crude oil.
- Gold ETFs saw record outflows in March. This news is a short-term negative for gold.
- Federal Reserve meeting minutes: More officials mentioned the possibility of interest rate hikes. This news is positive for the US dollar.
Product Hot Comment
ForexProduct Yesterday's Change Yesterday's Close Today's Open EUR/USD ▼-0.11% 1.16523 1.16652 GBP/USD ▼-0.10% 1.33848 1.33982 AUD/USD ▼-0.24% 0.70291 0.70463 USD/JPY ▲0.14% 158.751 158.524 GBP/CAD ▲0.07% 1.85536 1.85398 NZD/CAD ▼-0.04% 0.80558 0.80589 📝 Review:On Wednesday, optimism surrounding a ceasefire between the US and Iran boosted risk assets, with the US dollar index hitting a one-month low before closing down 0.31% at 99.56. The benchmark 10-year Treasury yield closed at 4.3010%, while the 2-year Treasury yield, which is sensitive to Federal Reserve policy rates, closed at 3.800%.🕵️ Operation suggestion:USD/JPY 158.724 Sell Target Price 157.890
GoldProduct Yesterday's Change Yesterday's Close Today's Open Gold ▼-0.46% 4698.48 4720.19 Silver ▼-1.14% 73.376 74.225 📝 Review:Despite the two-week ceasefire agreement reached by the US and Iran, the ceasefire remains fragile, with Iran and Israel resuming hostilities. Spot gold briefly rose above $4,850 during the session, reaching a near three-week high before giving back most of its gains, ultimately closing up 0.29% at $4,719.35 per ounce; spot silver closed up 1.5% at $74.09 per ounce.🕵️ Operation suggestion:Gold 4701.71 Buy Target Price 4859.90
Crude OilProduct Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▲1.08% 92.224 91.241 Brent Crude Oil ▼-0.10% 94.233 94.326 📝 Review:International oil prices plunged on market expectations that the Strait of Hormuz would reopen. WTI crude oil fell 12.47% to $96.86 per barrel, while Brent crude oil ultimately closed down 6.5% at $96.71 per barrel.🕵️ Operation suggestion:WTI Crude Oil 91.034 Sell Target Price 86.348
IndiceProduct Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▼-0.11% 24826.65 24854.3 Dow Jones ▼-0.12% 47809.9 47865.9 S&P 500 ▼-0.10% 6765.95 6772.85 US Dollar Index ▼-0.06% 98.95 99.01 📝 Review:U.S. stocks closed up 2.85%, the S&P 500 rose 2.5%, and the Nasdaq Composite gained 2.8%. Intel (INTC.O) jumped 11%, SanDisk (SNDK.O) climbed nearly 10%, Nvidia (NVDA.O) gained 2%, while Tesla (TSLA.O) bucked the trend, falling 1%. The Nasdaq China Golden Dragon Index rose 3%, and Alibaba (BABA.N) gained 4.6%.🕵️ Operation suggestion:Nasdaq 100 24830.050 Buy Target Price 25160.934
CryptoProduct Yesterday's Change Yesterday's Close Today's Open BitCoin ▼-1.10% 70704 71488.9 Ethereum ▼-1.64% 2176 2212.3 Dogecoin ▼-1.93% 0.09085 0.09264 📝 Review:Bitcoin surged and then retreated last night, briefly breaking through $72,700 before falling back to its current price of $71,500, a 24-hour increase of approximately 1.2%. News-wise, a ceasefire between the US and Iran and improved risk appetite drove the rise, but Israel's hardline stance, continued net outflows from ETFs, and the hawkish minutes from the Federal Reserve suppressed the upward momentum. Technically, the 4-hour MACD shows a golden cross, and the RSI is at a slightly bullish 58. Short-term support is at $70,000, and resistance is at $72,500-$73,000, indicating high-level consolidation and weakening bullish momentum.🕵️ Operation suggestion:BitCoin 70966.7 Buy Target Price 72676.6
Calendar
20:30 (GMT+8): US Initial Jobless Claims for the Week Ending April 4- 20:30 (GMT+8): US February Core PCE Price Index YoY
- 22:00 (GMT+8): US February Wholesale Sales MoM
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