Daily Market Report
➢ Gold rises to a weekly high after the US and Iran confirmed a deal to end the war, easing inflation fears.
➢ Silver soars to near $70.80 as the US-Iran peace deal boosts risk appetite and weighs on the dollar.
➢ The USD Index drops as fading safe-haven demand follows the de-escalation in the Middle East.
➢ Oil falls to a two-month low near $79.50 as the US-Iran agreement removes the regional supply-risk premium.
➢ Trump claimed the Strait of Hormuz will be “permanently toll free” under the new Iran agreement.
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