Spot platinum just broke through the $1870.00/oz level, now quoted at $1869.88/oz, up 1.24% on the day; Nymex platinum futures main contract is now quoted at $1886.1/oz, up 1.74% on the day.

Market-related news shows that oil transportation in the Persian Gulf has now recovered to about 70% of its pre-conflict level. Although Iran's oil exports are still restricted, this situation is helping to curb the rise in crude oil prices.

Key takeaways from the Federal Reserve's annual Jackson Hole meeting are as follows: Fed Chair Walsh emphasized in his keynote speech that curbing inflation is a core responsibility of central banks. During the meeting intervals, Eurozone policymakers issued warnings about inflation risks, with some officials suggesting that a rate hike may be necessary in September. Bank of England Governor Bailey stated that at present there is no urgency to raise interest rates, noting that the second-round

According to sources, Glencore has made a provision of approximately $480 million for its exposure to Radiant World. Radiant World is an iron ore trader currently under pressure for allegedly providing false documents to banks. Sources said this provision in effect covers Glencore’s entire outstanding net exposure to Radiant World.

Tomorrow Is a Big Day for Bitcoin: A Major Change Is Coming