Commodities collectively pulled back, crude oil dropped 3%, silver plummeted 7%.

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Trump says he will "wait and see" how the situation in Iran develops. The calming of risk aversion has suppressed crude oil prices, and precious metal prices have also retreated from historic highs.

According to CCTV News, on the afternoon of January 14 local time, US President Trump said at the White House in regards to the situation in Iran, "We have to wait and see how things develop." He also noted that the US government had received "very positive statements from Iran." WTI crude oil plunged, falling over 3% from its high.

The precious metals market also saw sharp fluctuations. Silver prices once plummeted by 7.3%, becoming one of the worst-performing commodities of the day. Trump's decision to delay imposing new tariffs on key mineral imports led to a collective pullback in gold, silver, platinum, and palladium.

In the foreign exchange market, the Korean won edged lower during the Asian session on Thursday, after a sharp rebound the previous day when US Treasury Secretary Besson mentioned the currency had "fallen excessively." Besson’s comments provided rare verbal support for the won, which is currently sliding towards its weakest level since 2009.

Wells Fargo strategist Brendan McKenna in New York stated:

Besson’s comments can support the won in the short term, but if the market believes fundamentals and political conditions are still deteriorating, the market's impact may be greater.

The Bank of Korea kept its benchmark interest rate unchanged on Thursday, in line with market expectations, and the won fell 0.2% against the dollar.

The yen also drew attention. Besson spoke with Japanese Finance Minister Katsuyuki Katayama on Thursday, pointing out that "excessive exchange rate volatility is essentially undesirable."WallstreetCN mentioned that on Wednesday Japanese Finance Minister Katayama said that any measure on exchange rates could not be ruled out.

During the Asia-Pacific session on Thursday, the dollar-yen remained fluctuating near 158.5, rebounding 0.27% from yesterday's low.

Major Market Data:

Stocks:Nikkei 225 fell back from all-time highs, down 0.96% to 53,820.46.

Australia's S&P/ASX 200 dropped 0.43%.

Currencies:ICE US Dollar Index rebounded 0.02% to 99.13.

Euro against the US dollar lost 0.04% to 1.16383.Dollar-yen fluctuated near 158.5, up 0.27% from yesterday’s low.

CommoditiesWTI crude oil dropped 3% to $60 per barrel.Spot gold fell 0.65%, breaking below $4,600 per ounce.

Silver prices once plummeted 7.3%, now reporting $88.4.

Risk Warning and DisclaimerMarkets are risky; investment requires caution. This article does not constitute personal investment advice, nor does it consider the special investment goals, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article match their particular situation. Investment based on this is at your own risk.

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