Record levels on Wall Street do not stop precious metals, typical safe haven assets, from forging a rally on their own. Another day of bond price gains sees all precious metals making strong gains. Platinum prices soar by over 2% for the second straight day. The platinum market was left a bit behind as gold prices are already testing 7 year highs. Precious metal traders should look for more clues from numerous Fed speakers today and the FOMC minutes release (7pm GMT).

Morning Wrap: Iran's peace proposal “UNACCEPTABLE”; markets take a hit ❗💥
Daily Summary: Technology Drives Wall Street to Record Highs Despite Tensions in the Persian Gulf
🔴 Three markets to watch next week: EURUSD, CH50cash, OIL (08.05.2026)
Chart of the day: SILVER doesn't give up 📈 Capital flows back to the market 🔍