Trump speaks out! Iran, big news! Gold surges, US stocks plummet!

K-LinePoet · 2026-02-24T20:07:42+00:00

Last night, the U.S. stock market plummeted, with all three major indices closing lower, and gold opened higher. The US-Iran situation remains the market focus, with negotiations scheduled for February 26. Trump denied reports of military opposition to war with Iran. Meanwhile, the U.S. Embassy in Lebanon has scaled back its operations, with some staff already evacuated. News of a potential interest rate cut indicates that rates may remain unchanged or be lowered in the future.

K-LinePoet

2026-02-24 20:07:42

Abstract generation in progress

Last night, U.S. stocks plunged, and gold opened higher this morning. There are new developments in the Middle East, with reports that the U.S. and Iran are about to start a new round of negotiations. President Trump recently stated that there are no sources confirming media reports that Chairman of the Joint Chiefs of Staff General Caine opposes a war with Iran.

The three major U.S. stock indexes all closed lower, with the Dow down 1.66% at 48,804.06 points, the S&P 500 down 1.04% at 6,837.75 points, and the Nasdaq down 1.13% at 22,627.27 points.

Most Chinese concept stocks declined, with the Nasdaq China Golden Dragon Index falling 0.95%, while the Chinese tech leader index rose 0.06%. Among popular Chinese stocks, Kingsoft Cloud dropped nearly 9%, BOSS Zhipin fell over 6%, and China Internet Plus fell more than 5%.

In terms of gold, both spot gold and spot silver opened higher this morning. As of the latest update, spot gold continues to rise, while spot silver, which had surged, suddenly declined.

The U.S.-Iran situation remains a key focus for the market. On the news front, a new round of negotiations between the U.S. and Iran is scheduled for February 26 in Geneva, Switzerland.

Xinhua News Agency cited U.S. media reports indicating that due to escalating tensions related to Iran, the U.S. State Department has ordered “non-essential” U.S. diplomats and their families to leave Lebanon.

The report quoted a State Department official saying that ongoing assessments of the regional security environment suggest that reducing the U.S. embassy staff in Lebanon is a “prudent move,” maintaining only essential personnel on duty.

The official also mentioned that this is a temporary measure, and the embassy will continue normal operations on the 23rd.

According to Lebanon’s International Broadcasting Corporation, for security reasons, dozens of U.S. embassy staff in Lebanon evacuated through Beirut Airport on the 23rd.

Recently, the U.S. has been massing troops in the Middle East. President Trump recently admitted he is considering a “limited military strike” against Iran. Meanwhile, the U.S. has begun withdrawing some personnel from certain military bases in the region.

Additionally, on the 23rd, Trump posted on social media denying reports by U.S. media that Chairman of the Joint Chiefs of Staff General Caine opposes military action against Iran.

Trump stated that there are no sources confirming the media reports that Caine “opposes war with Iran.”

There is also the latest news on U.S. interest rate cuts. Federal Reserve Board member Waller said that January employment data exceeded expectations. If February labor market data is similar to January, indicating that downside risks to the labor market have diminished, then maintaining interest rates might be appropriate. Waller also mentioned that if February employment reports weaken, he would lean toward supporting a rate cut in March. Currently, both possibilities are “almost evenly split.”

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