Stocks And Precious Metals Charts - Volatility Cooled

Lower jobs data slashed Fed rate hike odds, weakening the Dollar and boosting gold and silver.

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Source: DepositPhotos

A late selling of oil and buying of stocks came a little ahead of this latest announcement.

"US to lift its blockade on Iran once a deal is announced between Iran and Oman over the Strait of Hormuz, adding that the US expects this deal very soon, a US official tells Reuters. This is another major US concession to Iran, coming after Iran added the lifting of the US naval blockade as one of its 4 new demands earlier this week."

The Dollar declined after the lower than expected Jobs number significantly decreased the probability of a Fed rate hike later this year.

Gold and silver bounced.

SpaceX managed a bounced.   Well done, Elon and punters.

VIX fell as peace descends over the markets.

Bitcoin continued in its trading range doing the crypto cha-cha.

Let's see what new and amazing signs and wonders the rest of August brings.

Have a pleasant weekend.  

 

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