Gold and silver prices are soaring!

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【Overview】Gold and silver prices surge straight up; oil plunges

China Fund News reporter Yishan

On the morning of March 31, gold and silver prices surged straight up.

As of the time of publication, COMEX gold was quoted at $4,634.5 per ounce, up 1.69%; London gold was quoted at $4,592.915 per ounce, up 1.76%.

COMEX silver was quoted at $73.415 per ounce, up 4.03%; London silver was quoted at $72.503 per ounce, up 3.52%.

International crude oil prices plunged; both WTI and Brent gains narrowed and fell back. As of the time of publication, WTI fell to $101.52 per barrel, down 1.32%, after having risen by more than 3.8% earlier; Brent fell to $105.73 per barrel, down 1.55%, after having risen by nearly 2.5% earlier.

On the news front, according to CCTV News, the reporter learned on March 30 local time that, based on information from U.S. officials, U.S. President Trump told an aide that he is willing to end military actions against Iran even if the Strait of Hormuz remains largely closed.

It is understood that U.S. government officials assess that forcibly reopening the waterway would push military actions beyond the original 4 to 6 week timeframe. Based on this, Trump decided to gradually end the current military action after achieving key goals such as weakening Iran’s naval forces and its missile capabilities.

		Sina statement: This news is reposted from a partner media outlet of Sina. Sina.com publishes this article for the purpose of conveying more information and does not mean that it agrees with its viewpoints or verifies the statements described. The content of the article is for reference only and does not constitute investment advice. Investors act at their own risk.

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Edited by Gao Jia