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Oil and Gold Surge as Yields Spike and Nasdaq Futures Drop on Iran Fears

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • U.S.
  • equity futures fell as rising Treasury yields and Middle East tensions dampened risk appetite.
  • Hedge funds established record Nasdaq short positions ahead of September, while crude oil jumped nearly 3% following Strait of Hormuz disruptions.
  • Safe-haven flows supported gold and silver, while cryptocurrencies traded in tight ranges.
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XAUUSD price history

4408.90 -4.49% over the displayed period

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