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GLOBAL MARKET ROUND UP

Gold prices recovered modestly on Tuesday after tumbling nearly 3% in the previous session, with spot gold rebounding above $4,000 an ounce as bargain buying emerged at lower levels. However, gains remained limited as investors stayed cautious ahead of key U.S. inflation data and amid renewed geopolitical tensions in the Middle East.

Market sentiment remained focused on the U.S.–Iran conflict after President Donald Trump reinstated a blockade on Iranian vessels transiting the Strait of Hormuz and called for countries benefiting from U.S. efforts to secure the waterway to share the associated costs. The move pushed crude oil prices sharply higher, reviving inflation concerns and reinforcing expectations that the Federal Reserve could maintain a restrictive monetary policy stance.

Investors will now closely watch the June U.S. CPI report, due later today, for fresh clues on inflation and the outlook for interest rates. Attention will also turn to this week's PPI data and Federal Reserve Chair Kevin Warsh's first semi-annual testimony before Congress, both of which could provide further direction for precious metals.

Meanwhile, the U.S. dollar index remained firm around 101.2 on Tuesday after rallying in the previous session, as renewed tensions in the Middle East boosted safe-haven demand following the reinstatement of the U.S. blockade on Iranian vessels transiting the Strait of Hormuz.

Crude oil extended its rally on Tuesday, with WTI crude climbing toward $79 per barrel and posting gains of more than 10% in two sessions, after U.S. President Donald Trump reinstated a blockade on Iranian vessels transiting the Strait of Hormuz. The move heightened concerns over global oil supplies and reignited fears of prolonged disruptions to one of the world's most important energy shipping routes.

Trump also announced that cargoes transiting the Strait would be subject to a 20% reimbursement fee, arguing that countries benefiting from U.S. efforts to secure the waterway—including Saudi Arabia, the UAE, Qatar, Bahrain, and Kuwait—should share the costs. The latest measures added to geopolitical uncertainty, reinforcing the risk premium in oil prices as markets assessed the potential impact on global energy flows.

Gold

• Trading Range: 139480 to 143750

• Intraday Trading Strategy: Sell Gold Mini Aug Fut at 142050-142075 SL 143750 Target 140050/139500

Silver

• Trading Range: 215900 to 227480

• Intraday Trading Strategy: Sell Silver Mini Aug Fut at 225100-225125 SL 227480 Target 220600/217950

Crude Oil

• Trading Range: 7150 to 7980

• Intraday Trading Strategy: Buy Crude Oil Jul Fut at 7520-7525 SL 7405 Target 7675 /7780

Natural Gas

• Trading Range: 265 to 294

• Intraday Trading Strategy: Sell Natural Gas Jul Fut at 284-284.50 SL 289.8 Target 277/274

Copper

• Trading Range: 1275 to 1319

• Intraday Trading Strategy: Buy Copper Jul Fut at 1301-1302 SL 1294.8 Target 1307.5/1312

Zinc

• Trading Range: 371 to 380

• Intraday Trading Strategy: Buy Zinc Jul Fut at 372.5- 373.0 SL 369.8 Target 375.80/377.0

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