investingLive European session wrap: Higher yields hit gold as oil rallies and tech futures fall

Why it matters

GC=F (Gold Futures) · Why linked: Gold breaking below $4,200 amid surging Treasury yields and Trump rejecting Iran's Strait of Hormuz proposal directly impacts gold pricing. Market context: A breakdown below $4,200 with rising yields and escalating Iran tensions suggests further downside or high volatility in gold.

CL (Crude Oil (WTI)) · Why linked: Oil rallying as Trump signals new bombings on Iran and Strait of Hormuz tensions escalate directly drives crude prices. Market context: Escalating Iran conflict risk and potential supply disruption threats could push WTI crude sharply higher.

BZ (Brent Crude Oil) · Why linked: Brent crude is directly affected by Middle East supply risk from the Iran/Strait of Hormuz situation and Trump's rejection of Iran's proposal. Market context: Supply disruption fears from Iran conflict escalation are likely to lift Brent crude prices.

TLT (20+ Year Treasury) · Why linked: Surging Treasury yields mentioned as the driver pressuring gold and broader risk sentiment directly impacts long-duration Treasuries. Market context: Rising yields push TLT prices lower as bond prices fall in response to shifting rate expectations.