Gold Price Surges as Iran Talks, Softer Oil and Weak Hiring Data Shift Rate Expectations

Fairshake failed to save pro crypto Representative Shri Thanedar in a Detroit Democratic primary despite spending more than $2 million. The setback was offset by several wins for crypto backed candidates in Michigan and Washington, keeping the industry focused on Capitol Hill policy fights.

LMAX Group is assessing strategic alternatives with major advisers as the institutional trading platform weighs paths that could include a sale, SPAC merger or public listing. A Nasdaq listing is viewed by some people familiar with the discussions as the preferred route, though the firm is not under immediate pressure to move while crypto markets remain soft.

Natural gas remains rangebound as traders await the next EIA storage update, with $2.70 still capping near term momentum. WTI oil is hovering near $75 as markets weigh Iran Oman Strait of Hormuz headlines, while Brent attempts to recover after a sharp pullback.