- Gold ticked up slightly after a recent drop as U.S. Treasury yields eased and markets awaited the Fed’s meeting minutes.
- Geopolitical tensions flared — Trump said no talks with Iran and that the Strait of Hormuz is open, a dispute that helped push oil prices higher.
- Traders are split on Fed action (about 65% expect no change, 35% expect a September hike) while economists largely see the BOE holding rates at 3.75%.
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