Bullion Battered As Hormuz Headline Roulette Sparks Chaos Across Capital Markets

Tl;dr: Gold was the standout asset of the day, plunging on China 'National Week' liquidation and jumping real rates. Stocks, bonds, and crude all followed the same paths, jerking higher and lower on every 'deal or no deal' headline (yes we are back to this) with longer-duration (big tech) the laggard. The dollar ended higher (but below Friday's highs) while crypto whipsaw'd wildly to end marginally lower from Friday.

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