Trump's Iran Opening Sinks Oil: What Markets Are Pricing In Before He Meets Xi - Modern Diplomacy

TODAY’S NUMBERS
$100.65 (Brent crude, -3.1%) · $4,355 (gold, per oz.) · 3.75%-4.00% (Fed funds rate)
Oil is pricing in Iranian de-escalation while gold barely moves — the surest sign markets don’t yet trust the thaw to last.
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