// COMPARE

Gold rebounded to $4,523 (+1.71%) as US strikes on Iran reignited the safe-haven bid after two sessions of ceasefire-driven selling. Silver led the precious metals complex higher with a +1.90% move.

The Iran story is a two-sided coin flip and gold remains the cleanest hedge for both inflation tail-risk (if oil spikes) and stagflation (if growth slows). Fed cut bets keep real yields contained.

Friday PCE inflation print is the binary catalyst — hot reading hits gold via real yields, cool print extends the rally. Support $4,450; resistance $4,580 then prior high $4,650.

Nasdaq 100 jumped to 30,223.9 (+0.84%), outperforming as AI-leveraged names led on the ceasefire bid plus fresh Anthropic $1T valuation chatter. Micron Q1 earnings still echoing.

The AI capex narrative is still doing the heavy lifting — Anthropic IPO and Samsung HBM4E shipping headlines reinforce the spend cycle. Peter Schiff's bubble warning is the only counter, and it hasn't bit yet.

30,500 is the next round-number magnet. PCE Friday plus any Nvidia commentary into the next earnings window. Loss of 29,800 would be the first real warning shot.