U.S. Secretary of Energy: Thanks to the protection of the U.S. Navy, oil flows smoothly through the Strait of Hormuz.

CFTC Positioning: Overview of Net Short Positions in Japanese Yen, Euro, British Pound, and Swiss Franc

CFTC Positions: WTI crude oil net long positions slightly declined, speculators cut bullish bets for the second consecutive week

After a short-term strong breakout, gold prices remain volatile at high levels, while the supporting logic for long-term substitution remains solid.

Gold prices rose more than 5% this week, with the US Federal Reserve’s vague guidance and rising debt concerns fueling gains in precious metals.