🥇Gold Spot (Aug 11 close) – setup for Wednesday CPI
📉XAU closed $4,367.10 (−0.48%) after printing a 3-day high of $4,435.90. Silver closed $64.56 (−1.58%), high $66.60.
👉Safe-haven demand tied to the Strait of Hormuz standoff continues to support gold, offsetting a firmer USD and still-elevated rates (10Y near 4.7%). Oil rallied hard (WTI settled ~$83.20, Brent ~$88.91), equities finished softer. Last week’s weak jobs data keeps rate-sensitive gold underpinned, but the oil rebound has pushed...