Daily Market Report
➢ Gold drifts lower as oil-driven inflation risks and US-Iran tensions bolster the USD, reversing earlier gains above $4,400.
➢ Trump rejected an extension of the Iran MOU, effectively ending the truce and reigniting fears of renewed hostilities.
➢ WTI holds near a two-week high above $84.00 as Trump’s rejection of the truce extension keeps oil supply risks elevated.
➢ Silver falls to near $65.50 as US-Iran peace uncertainty weighs, pulling back from last week’s attempted breakout.
➢ US 30-year Treasury yields surged to their highest level since 2007, signalling deep market concern over long-term inflation and fiscal pressures.
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