Oil Price Surge Drives Yields Higher and Gold Lower Amidst Inflation Risks

Crude oil prices surged after Iran's rejection of peace proposals, pushing Brent crude above $100 per barrel. The spike in oil prices is driving yields higher and gold lower. Bank of England official Ramsden warned that inflation risks have shifted to the upside, which could lead to a rate hike if price pressures continue.

Nvidia unveiled a new software platform designed to prevent errors and breaches in advanced AI agents, while California Governor Gavin Newsom signed a law banning public officials from creating memecoins. The global digital asset market came under heavy pressure due to the prevailing risk-off mood across traditional equity exchanges.