Strong US economic data and upbeat corporate earnings contrasted with weakening consumer confidence in the US and Europe last week. Uncertainties around the US–Iran conflict remained key in influencing market sentiment. Global stock markets ended the week on a mixed note, bond yields advanced, oil prices strengthened, and the dollar index inched up. Last week’s correction in gold was largely linked to rekindled inflationary concerns – as energy flows remained choked – and resultant higher rates expectations (C.O.T.W). Rate expectations may remain the key driver of gold sentiment this week. While the Fed is expected ... (full story)