Daily Market Report
➢ Gold weakens further below $4,200 as the Fed’s hawkish stance overshadows relief from the US-Iran peace deal.
➢ Silver falls to near $70.50, pressured by rising Fed rate-hike odds despite the easing geopolitical backdrop.
➢ The US ended its naval blockade as Iran’s supreme leader claimed Trump made the deal “out of desperation.”
➢ WTI falls to near $75.00 as shipping conditions improve in the Strait of Hormuz, easing supply concerns.
➢ The Pound slipped after the BoE held rates steady, adding to broad USD strength across forex markets.
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