🚨 Oil prices fell to $86.50, but gold ETF hits all-time high

📉 Oil price plunge
Affected by expectations of a one-month ceasefire between the US and Iran, WTI crude broke below $87 during intraday trading, while Brent crude lost the $100 mark. The market is pricing in the fading of "war premium" in advance—despite Iran's denial of negotiations, the situation remains highly uncertain.
🥇 Gold surges
Meanwhile, the largest US gold ETF $GLD assets under management surged to $181 billion, approaching historical peaks:
More than doubled in less than a year, up +503% over 8 years
Gold holdings reached 1,098 tons, hitting the highest level since April 2022
Added 274 tons since March 2024
📌 In a word
The market is pricing two scenarios: ceasefire → oil falls, risk-off → gold rises. The next 72 hours are a critical window.
#黄金 # Crude oil #中东局势 # GLD #FederalReserve