Tastylive: US-Iran ceasefire collapses, war trading mode reactivated
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- Tastylive Global Macro Manager Ilya Spivak stated that today's gold prices declined, and the ceasefire agreement between the US and Iran, which the market celebrated last week, now appears to be unraveling.
- He noted that this has once again activated the "war trade" dynamic that markets have become familiar with since the outbreak of the conflict: crude oil prices are rising, thereby pushing up inflation expectations, and driving bond yields and the US dollar higher.
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