3:30 pm BST - DOE report on oil inventories.
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Oil inventories. Actual: -3.28 mb. Expected: -1.5 mb (API: -5.63 mb)
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Gasoline inventories. Actual: -0.027 mb. Expected: -1.8 mb (API: +0.27)
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Distillate inventories. Actual: -0.66 mb. Expected: +0.2 mb (API: +1.05 mb)
Daily Summary: Dow Jones hits record highs, while gold and silver rally on hopes for a US–Iran deal
Hormuz Deal Moves Closer
GOLD eyes 4200 USD 🟡
Gold surges 2%, breaks above a one-month high 🔼 Weaker dollar and oil fuel precious metals