Daniela Hathorn

Gold has fallen below the psychologically important $4,000 level for the first time in seven months, extending its correction as investors increasingly embrace a stronger dollar and a higher-for-longer interest-rate outlook.

Markets adapt to the new Federal Reserve under Warsh leadership as he offers little information in regards to forward guidance.

Oil continues to face downside pressure as the US and Iran sign a memorandum of agreement which will halt hostilities for 60 days as they finalise their agreement.

Markets await the first meeting from Governor Warsh to determine the likely path for interest rates.

News that the US and Iran have reached a peace deal and the Strait of Hormuz will re-open has reignited risk appetite in markets during a busy central bank week.

Stubborn inflation has led markets to price in a rate hike from the ECB, but the tone of the meeting will be key.

Markets pull back from recent highs as positioning, rate expectations and geopolitics play into the momentum change.

Global equities pull away from recent highs as markets reassess the latest moves and the developments in data, geopolitics, and earnings.

Central Banks across the globe are leaning into gold as a reserve asset as greater fragmentation, political risks, and fiscal deficits threaten the stability of international monetary systems.

AI and strong earnings continue to drive equities higher as markets expect a peace deal outcome in the Middle East.