Gold Crashes 4%. China Stocks Defy Selloff as Iran Deal Looms

Bullish

What Happened

Trump confirmed US-Iran talks and reports suggest the US may ease sanctions on Iran, causing gold and silver to plunge. Meanwhile, Chinese ADRs rallied with the Nasdaq Golden Dragon China Index up 1.12%.

Bottom Line

Chinese stocks show resilience amid global selloff, but watch for volatility as Iran talks progress.

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