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Metals: Weekly Chart Fall to 18-Day Moving Average of Closes

Ira Epstein discusses recent geopolitical developments involving the U.S. response to Iran amid President Xi's visit, highlighting the strategic importance of the Strait of Hormuz and the ongoing tensions in the Middle East. He emphasizes the impact of these events on global markets, particularly noting the fluctuations in the gold market and the broader stock market's reaction. Epstein also previews upcoming economic data releases, such as U.S. new home sales and natural gas storage figures, and comments on anticipated monetary policy decisions from major central banks like the Swiss National Bank and the Bank of Japan.

 

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