Daily Market Report
➢ Gold rallies beyond $4,400, its highest since early June, driven by decisive buying pressure and a shift in Fed expectations amid central bank buying.
➢ Iran declared it won’t negotiate with the US until Trump’s term is done, effectively collapsing peace talks and reigniting geopolitical risk.
➢ WTI jumps over 6% as the Strait of Hormuz reopening remains uncertain, with peace talks now stalled after Iran’s shock announcement.
➢ Silver holds near $66.00 under pressure from Fed hike fears and the oil surge, despite earlier eyeing a move toward $69.
➢ US Treasury yields climb as the oil spike revives CPI jitters ahead of today’s crucial US inflation data release.
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