Goldman Sachs: The recovery of natural gas flow in the Strait of Hormuz is expected to be faster than anticipated, which will drive TTF prices down to align with the €40/MWh coal-to-gas switch threshold.

Spot silver just touched the $65.00/ounce mark, now quoted at $65.00/ounce, up 0.51% on the day; COMEX silver futures main contract is now quoted at $65.16/ounce, up 0.08% on the day.

US crude oil edged up 0.32% in early Monday trading, currently trading around $82.66 per barrel.

Spot gold has just broken through the $4,380.00/oz mark, last trading at $4,380.07/oz, up 0.10% on the day; the main COMEX gold futures contract is last quoted at $4,435.10/oz, down 0.05% on the day.

According to the Financial Times, JPMorgan CEO Jamie Dimon had a phone conversation with the UK Chancellor of the Exchequer, Rachel Reeves, last week, warning her not to raise taxes on the banking industry. The UK government is currently considering introducing new taxes on banks before the October budget. Dimon stated that an uncompetitive tax regime could weaken London as a financial center, potentially leading to an outflow of capital and financial jobs from the UK.