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Gold fell as President Donald Trump rejected Iran’s latest peace offer to end the 10-week conflict choking the Strait of Hormuz, fanning inflation fears as weekend clashes in the Middle East threatened a fragile ceasefire.
Source
Bloomberg Markets
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President Donald Trump and Iran have rejected each other’s latest peace proposals to end the conflict. Meanwhile, Trump is expected to press Chinese leader Xi Jinping over China's approach to Iran when they meet in Beijing. Bloomberg's Tony Czuczka and Stephen Engle break down the situation. (Source: Bloomberg)
Oil prices jumped on Monday after Israel warned that the conflict with Iran was still ongoing.
The world will be watching the Trump-Xi summit.
Investors headed into Monday on edge as Trump’s rejection of Iran’s ceasefire proposal fueled concerns about a prolonged Middle East conflict.
