Daily Market Report
➢ Gold rallies to a two-week high as the USD softens on Iran deal hopes and receding Fed rate hike.
➢ Trump described US-Iran talks as “very productive,” with the US aiming for a Hormuz deal announcement by Wednesday.
➢ Iran rejected the US claim that the Strait of Hormuz is already open, keeping uncertainty alive despite progress in talks.
➢ Silver revisits its monthly high near $61 as oil prices plunge further on Hormuz deal optimism.
➢ WTI slips below $74.00 as Hormuz talks progress, erasing the geopolitical risk premium built up over recent weeks.
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