Oil and Gold Plunge as Trump Backs Off From Iran Threat

Gold pared dramatic losses as US President Donald Trump postponed military strikes against Iranian energy infrastructure for a five-day period after what he described as productive talks toward ending hostilities. Oil also fell sharply, posting one of the biggest intraday price swings on record, after President Donald Trump posptoned strikes on Iranian power plants and said his team held discussions about ending the conflict, though Tehran denied any such dialog. Bloomberg's Mike McGlone joins to discuss on Bloomberg Intelligence. (Source: Bloomberg)