▶️Market Update | September 28:
💰 Gold falls by about 4% and retreats to around $4,120 per ounce, recording its lowest level in more than 7 weeks.
💧 Meanwhile, oil surges strongly as talks between the US and Iran stall and uncertainty persists regarding the Strait of Hormuz.
📈 Rising energy prices have brought inflation concerns back to the forefront, pushing US bond yields and the dollar higher as expectations grow for tighter monetary policy.
📊 Global stock markets are under pressure, while Chinese stocks also declined as optimism faded following the recent US–China talks.
⚠️A very sensitive week for the markets, and any new development regarding Iran and the Strait of Hormuz, or US interest rates, could trigger rapid moves.
💰 Gold falls by about 4% and retreats to around $4,120 per ounce, recording its lowest level in more than 7 weeks.
💧 Meanwhile, oil surges strongly as talks between the US and Iran stall and uncertainty persists regarding the Strait of Hormuz.
📈 Rising energy prices have brought inflation concerns back to the forefront, pushing US bond yields and the dollar higher as expectations grow for tighter monetary policy.
📊 Global stock markets are under pressure, while Chinese stocks also declined as optimism faded following the recent US–China talks.
⚠️A very sensitive week for the markets, and any new development regarding Iran and the Strait of Hormuz, or US interest rates, could trigger rapid moves.