[MARKET UPDATE] XAU, USTs & Crude futures slip following comments via the Iranian Foreign Minister who noted they have reached understanding on main principles with the US; Brent Apr'26 fell from circa. USD 68.41/bbl to USD 67.30/bbl within a few minutes
The remarks by the Iranian Foreign Minister signaling an understanding with the US suggest a potential easing of tensions, which could be viewed as a de-escalation.
Novo Nordisk (NOVOB DC) announces that the EU commission has approved more effective dose of injectable Wegovy for adults with obesity; study people lost about 21% of their body weight on average
Elliott sends letter and presentation to board of Norwegian Cruise Line Holdings (NCLH)
[MARKET UPDATE] XAU, USTs & Crude futures slip following comments via the Iranian Foreign Minister who noted they have reached understanding on main principles with the US; Brent Apr'26 fell from circa. USD 68.41/bbl to USD 67.30/bbl within a few minutes
Iran's Foreign Minister says we have reached understanding on main principles with the US, the two parties will welcome potential agreement documents and exchange them, does not mean an agreement will be reached soon but the path has started
Fed's Goolsbee (2027 voter) says there has been some progress and some points of "warning" re. inflation, want to see more information - CNBC. Progress on the shelter side of things, still concerned about services inflation.
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This development is likely driving the immediate decline in both crude oil and precious metals, as markets reprice potential supply and demand scenarios. Traders should watch for further developments that could affirm or contradict this shift, impacting energy and haven assets significantly.
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