Gold dipped to 4,128, down 0.35%, while oil crept up to 98.53, +0.73%. S&P 500 at 7,742, Nasdaq at 29,764 — both grinding higher, slow but steady. EUR/USD holding 1.1225, flat. Classic rotation: risk-on in equities, safe-haven gold softening, energy firming. Not a breakout, just a quiet drift. I’m watching gold for a test of 4,100 — if it breaks, that’s a signal. For now, the tape says “no panic.” #tradfi #macro #commodities