Just now, a V-shaped strong rebound! Iran, a major news has just emerged!

Market V-Shaped Rebound!

On March 24, Beijing time, U.S. stock futures initially plunged but then rebounded after hitting a bottom. As of press time, Dow futures rose 0.22%, after falling 0.80% earlier; Nasdaq futures increased 0.28%, after dropping nearly 0.90%; S&P 500 futures gained 0.20%, after declining 0.75% earlier.

Gold and silver also experienced a “V-shaped” rebound. During the session, spot gold prices fell nearly 2%, and spot silver prices dropped over 4%. As of press time, gold and silver prices recovered all losses, with spot gold up 0.15% at $4,414 per ounce, and spot silver up 0.86% at $69.70 per ounce.

Foreign Media: Iran Has Received US Messages Through Mediators

According to China News Service, citing CBS News on March 23, after U.S. President Trump hinted at a possible agreement, a senior Iranian Foreign Ministry official stated on the 23rd that Iran has received messages from the U.S. through mediators. This could be a sign of negotiations between the two warring nations.

The Iranian official said, “We have understood the U.S. perspective through mediators and are reviewing it.”

Earlier on March 23, Trump announced on social media that the U.S. and Iran had recently engaged in “very good and productive discussions” to fully resolve their hostilities. He later told reporters that both sides had about 15 points of consensus, and Iranian officials indicated, “They want peace.” Trump predicted, “I believe we are very likely to reach an agreement eventually.”

According to Reuters on March 23, the Iranian Foreign Ministry spokesperson denied any talks with the U.S. in the past 24 days. Not long before, Trump said that both sides had found “important points of consensus” in recent days.

Iran’s official news agency IRNA quoted the Foreign Ministry spokesperson as saying that in recent days, some friendly countries conveyed messages that the U.S. had requested talks to end the war, but Iran has not responded yet.

According to Xinhua News Agency, the Israeli Defense Forces issued a statement on March 24 saying that rescue units are heading to multiple reported attack sites in southern Israel. The statement urged the public not to gather at these locations. No further details were provided, and it is unclear whether there were any casualties.

Earlier, Iran’s Islamic Republic Broadcasting reported that Iran launched a new round of missile attacks on Israel, with missiles breaching multiple Israeli missile defense systems.

Israeli Prime Minister Netanyahu said in a video speech on the evening of March 23 that he “will defend Israel’s fundamental interests under any circumstances”; Israel will destroy Iran’s missile and nuclear programs and severely strike Hezbollah in Lebanon. Netanyahu also revealed that Israel recently “eliminated” two Iranian nuclear scientists.

Iran’s Fars News Agency published multiple satellite comparison images on March 24, showing that U.S. military bases in Bahrain, Saudi Arabia, and Kuwait were targeted by Iran with precision strikes, destroying multiple military facilities.

Satellite images show that at the Sheikh Isa Air Base in Bahrain, a Patriot missile system radar was destroyed.

Additionally, facilities including reconnaissance aircraft hangars, drone hangars, officer dormitories, satellite communication antennas, and early warning radars at the U.S. bases in Saudi Arabia’s Hail Oasis and Kuwait’s Ali Al Salem Air Base were struck.

Recently, Amazon announced that due to ongoing conflicts in the Middle East, its Amazon Web Services (AWS) region in Bahrain has been “interrupted.”

An Amazon spokesperson said the outage was caused by drone activity in the region. During the recovery process, the company is assisting customers in migrating to other AWS regions. However, no further details were provided regarding the extent of damage or how long the outage might last.

In a statement on Monday night, Amazon said, “As the situation develops, as we previously suggested, we are asking employees with workloads in the affected areas to continue migrating to other locations.”

AWS, Amazon’s cloud computing division, is critical for many well-known websites and government operations. It is also the company’s main profit source. This outage marks the second drone attack on AWS Bahrain since the outbreak of the U.S.-Israel-Iran conflict earlier this month. Earlier, AWS reported that facilities in Bahrain and the UAE were affected by power outages, and efforts are underway to restore services.

Gold and Silver Prices Volatile

On Tuesday, March 24, gold and silver prices continued to fluctuate sharply. During the session, spot gold fell nearly 2%, and spot silver dropped over 4%, breaking below $66 per ounce. As of press time, spot gold was up 0.15%, and spot silver was up 0.86%. The previous day, spot gold plunged nearly 9%, and spot silver tumbled over 10%, with closing figures showing gold down 1.88% and silver up 1.79%.

Since reaching a record high of $5,594.82 per ounce at the end of January, spot gold has fallen more than 20%. Meanwhile, since the outbreak of the Iran conflict, the U.S. dollar index has risen about 3%.

Market analysts attribute this decline in gold to macroeconomic factors and position adjustments. Standard Chartered senior investment strategist Rajat Bhatacharya said, “Although gold initially rose due to safe-haven demand amid the Iran conflict, recent prices have corrected.”

Bhatacharya added, “We see this pattern repeating during periods of increased market pressure, where investors sell assets to meet margin calls or lock in profits within their operational range.” He also noted that the recent strengthening of the dollar has suppressed gold demand.

Market participants are also reassessing expectations for U.S. monetary policy. Persistent inflation reduces the likelihood of the Federal Reserve cutting rates sharply, keeping U.S. Treasury yields high. The 10-year U.S. Treasury yield rose about 5 basis points to 4.384% on Tuesday, which diminishes the appeal of this non-yield precious metal.

Some analysts believe that after long-term upward momentum driven by geopolitical uncertainty and structural demand, the current sell-off is a natural correction. Gold has gained over 64% last year.

Xavier Huang, market analyst at eToro, said, “Gold previously surged to record highs, driven not by inflation but by a broader loss of confidence: fiscal deficits, geopolitical divisions, and central banks quietly diversifying foreign exchange reserves away from the dollar. After such a rally, some position adjustments are inevitable. Gold has been one of the best-performing assets over the past year, and during turbulent times, leveraged funds and institutional investors tend to reduce risk exposure.”

Editor: Luo Xiaoxia

Layout: Wang Yunpeng

Proofreading: Liu Xingying