GC Falls Below 4,000

Gold futures came under significant pressure on Wednesday, dropping over 3% and breaking below the 4,000 level. S. and Iran peace deal and increased tanker traffic in the Strait of Hormuz, has weighed heavily on the precious metals complex. Additionally, a 40% drop in crude oil from its conflict peak has pulled inflation expectations lower, reducing safe-haven demand.

3%. 1% probability. Silver futures also faced steep declines, falling over 5% below the $60 mark, while July Copper futures broke below $6 ahead of a key White House decision on refined copper import tariffs. Despite near-term weakness, long-term support for copper remains intact due to ongoing AI and clean energy demand.