Software selloff, Iran tensions push Gold back above $5,000 [Video]
|The relief in metals faded fast as Anthropic unveiled a new AI tool aimed at automating legal and research work, triggering a brutal selloff in software and data providers. Broader tech felt the heat too! AMD reported strong earnings after the bell, yet shares dropped 8% in afterhours, highlighting how the market is reassessing AI upside and pricing.
Meanwhile, geopolitical tensions between the US and Iran pushed crude higher, gold back above $5’000/oz, and silver is recovering too. But with volatile gold, waning appetite for US bonds and the falling yen, safe-haven assets remain limited...
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