Gold and Silver Sell Off as Iran Peace Proposal Sparks Risk-On Rotation Into Japanese Equities
Iran's proposal to reopen the Strait of Hormuz triggered a sharp commodities selloff, collapsing safe-haven demand for gold and silver as capital rotated into risk assets. Japan's Nikkei surged to record highs while its Leading Index hit a 3.5-year peak. Germany's consumer and business confidence fell to multi-year lows, marking a sharply bifurcated global macro picture.
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