Gulf strikes, suspended MOU and Fed uncertainty complicate outlook for metals next week

Liked this AI Summary? Join our AI Workshop A week of relentless military exchanges, a formally suspended peace framework, and the emergence of a second potential chokepoint closure left commodity markets navigating their most complex risk landscape since the war began, even as a surprise moderation in US inflation offered a brief note of macro relief. The dollar closed the week below 101 with modest declines as softer inflation numbers backed a patient Fed. June CPI came in at 3.8 percent year-on-year, down from 4.2 percent in May and below forecasts, driven primarily by a roughly 10 percent drop in…