Ira Epstein covers the current state of the metals market, highlighting significant drops in gold and silver prices, with gold falling over $200 an ounce. He discusses the impact of geopolitical tensions following the U.S. attack on Iran, which led to increased interest rates and market volatility. Epstein also touches on the potential economic implications of the closed Strait of Hormuz and the U.S. government’s response, including possible naval escorts and insurance provisions. Additionally, he mentions upcoming economic data releases, such as the ADP private sector jobs report and ISM service sector index, which could further influence market movements.
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