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Stock impact report

Gold Plunges as Trump Gives Mixed Signals on Iran War Resolution 1 / 3 [Yahoo! Finance Canada]

OVERSEAS CHINSE UNSP/ADR (OVCHY) 
NASDAQ:AMEX Investor Relations: coli.com.hk/en/ir
Silver also fell sharply. Spot gold tumbled as much as 4.3%, breaking a four-day winning streak, after Trump said the month-long conflict was nearing completion but that the US would hit Iran “extremely hard” over the next two to three weeks. In a primetime speech, the US leader also said the military operation had nearly achieved its military goals, while exhorting allies who rely on Middle Eastern oil supplies to resolve the near-closure of the Strait of Hormuz. Equities fell, a gauge of the US dollar rose as much as 0.4% and oil surged as concerns lingered over energy flows through Hormuz, the strategic waterway that — before the war — was a transit point for a fifth of the world's oil and liquefied natural gas. The moves extended a scenario that has played out during the conflict, with gold's haven appeal dulled by the need for investors to liquidate their positions and cover losses elsewhere. Trump's speech “basically framed the conflict as a military success story, not a c Show less Read more
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