[MARKET UPDATE]: Risk-on trade seen with notable upside in US equity futures and spot gold, while oil dumps and Dollar sold as Tehran "positively reviewing Pakistan's request for a two-week ceasefire" and Trump is aware and a response will come
Context
The latest update reflects a risk-on sentiment as geopolitical developments around Tehran's positive response to Pakistan's ceasefire request are boosting US equity futures and gold prices. Conversely, the depreciation of oil and the Dollar suggests a reallocation of capital influenced by improved geopolitical outlook, signaling a shift in market dynamics that traders should monitor closely for further implications on asset classes.
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