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Metals: US-Iran Meeting to Shape Next Move

Ira Epstein discusses the upcoming release of the U.S. Consumer Price Index data and its implications for inflation, alongside the University of Michigan's preliminary Consumer Sentiment report and U.S. factory orders.

He highlights the significance of the talks between the Iranian and U.S. delegations, led by J.D. Vance, emphasizing the potential impact on global markets and geopolitical tensions.

Epstein notes the current state of the metals and stock markets, which are experiencing declines amid uncertainty, and mentions the oil price dynamics and the situation in the Strait of Hormuz.

He also touches upon the stability in currency and bond markets, as well as the gold market's reaction to these developments.

 

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