U.S. President Trump's remarks on the Iran war on the 23rd eased market concerns about the escalation of military conflicts in the Middle East. International oil prices plummeted on the same day, while gold prices rebounded sharply. By the close of trading, the price of light crude oil futures for May delivery on the New York Mercantile Exchange fell by $10.10 to $88.13 per barrel, a drop of 10.28%. The price of Brent crude oil futures for May delivery in London fell by $12.25 to $99.94 per barrel, a decrease of 10.92%. On the same day, the April gold futures price on the New York Mercantile Exchange gold futures market rebounded sharply after hitting a four-month low overnight. The spot gold price once reached $4,462 per ounce. U.S. President Trump posted on social media early on the 23rd, stating that the United States and Iran had conducted very good and productive discussions over the past two days to completely resolve the hostile actions between the two countries in the Middle East. He had instructed the U.S. Department of Defense to delay the airstrikes targeting Iran's power plants and energy infrastructure by five days. However, Iran immediately denied having any contact with the United States.
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