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Commodities

Indian PM Modi has told Indians to avoid buying gold unless necessary, Bloomberg reports

StockNow breaking-news AI analysis

PM Modi advised Indians to avoid unnecessary gold purchases as heavy imports reached $72.4 billion in FY2026 despite higher recycling.

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Geopolitics

Iranian President says that "we will abide by the agreement if America does", Al Jazeera reports citing ISNA; ⁠"Iran will immediately reciprocate if ⁠the US fulfils its commitments under ‌an interim deal signed in June"

Geopolitics

Two oil supertankers were reportedly hit by projectiles in the Strait of Hormuz, reports citing Marisks suggest (details light)

FX/Bonds

[MARKET UPDATE] DXY moves to fresh session highs (99.54), weighing on peers such as EUR & GBP; USD/JPY heads back towards the 160.00 level; move appears to be contained within the FX space