Daily Market Report
➢ Gold firms as Treasury yields ease, recovering from weekly lows ahead of today’s FOMC minutes which could set the next directional move.
➢ Trump declared no Iran talks and confirmed the naval blockade remains, eliminating any near-term hope for a diplomatic resolution.
➢ WTI rises to near $85.00 amid escalating US-Iran tensions, with bulls eyeing a breakout above the 100-day SMA.
➢ Silver extends its decline to near $63 as continued energy supply risks and bond market jitters weigh on the metal.
➢ Gold steadies below $4,350 as surging yields offset the support provided by fading Fed rate hike bets.
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