On the 11th, WTI crude oil prices opened 3% higher following the breakdown of the latest peace talks between the United States and Iran. Spot gold prices fell to around $4,680 per ounce, dropping below $4,700. Silver prices also fell by 1%, and U.S. three major stock index futures dropped by approximately 0.3%. Last night, U.S. President Donald Trump stated via his Truth Social that Iran's response to the U.S. peace proposal was unacceptable. In response, Iran also countered that it would not create a plan to appease Trump, putting the negotiations between the two sides on the verge of collapse.
