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Gold held a gain on optimism that the US and Iran are seeking a negotiated settlement to the war, easing inflation concerns arising from an energy-supply shock.
Source
Bloomberg Markets
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As the US and Iran weigh a second round of peace talks in Pakistan, Miller Center Senior Fellow Mara Rudman breaks down the major sticking points. She discusses whether both nations can move past the disagreements to reach a way forward to reopen the Strait of Hormuz. (Source: Bloomberg)
HSBC Private Bank and Premier Wealth has downgraded emerging Asian equities and slashed exposure to India, while raising allocations to gold, cash and hedge funds on Iran war risks and oil price shocks.
Asia-Pacific markets track overnight gains in U.S. stocks on lower oil prices amid hopes of a Iran-U.S. deal
The announcement comes amid concerns from investors about Lucid’s ability to stay afloat.
