Daily Market Report
➢ Iran closed the Strait of Hormuz again after accusing the US of violating the ceasefire deal, reigniting supply fears.
➢ Iranian negotiators suspended high-stakes nuclear talks with the US in Switzerland, throwing the peace deal into serious doubt.
➢ Oil surges nearly 2% as the Strait of Hormuz closure and shaky peace talks revive supply disruption fears.
➢ Gold edges lower to near $4,150 as US-Iran peace uncertainty and hawkish Fed signals weigh simultaneously.
➢ Gold’s direction is now seen as driven by two competing forces — geopolitics and monetary policy — pulling in opposite directions.
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