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Gold prices rose slightly after hitting a nine-week low, as tensions in the Strait of Hormuz raised inflation concerns and reinforced expectations of a Fed rate hike. XAU/USD gained 0.6% to $4,134.19, while gold futures increased 0.4% to $4,158.30. The Fed's minutes indicated support for another rate hike by year-end, reducing gold's appeal as a non-yielding asset. Central bank demand, particularly from China, has helped offset some losses.

Gold prices hovered near a nine-week low at $4,110 per ounce, down 1.3% from the previous day. Rising tensions in the Strait of Hormuz and expectations of a US rate hike by end-2026 weighed on the precious metal. The Fed's minutes indicated unanimous support for the September hike, with most policymakers favoring another by end-2026. A stronger US dollar also pressured gold prices.

U.S. Fed officials expect a year-end interest rate hike but did not specify timing. Treasury yields fell after a $39 billion 10-year note auction. Samsung reported a record $80.2B operating profit, while Lululemon hired Athleta's CEO. Markets pulled back from highs.

Japanese shares fell for a second day, with Nikkei 225 down 1.1% and Topix down 1.3%, following Wall Street's selloff. US Fed minutes indicated support for further rate hikes. Oil prices rose due to geopolitical tensions. Notable movers: Advantest (-1.12%), SoftBank Group (-3%), Mitsubishi UFJ (-1.8%), and Kioxia Holdings (+2.9%).

The Colombian peso weakened to 3,239.09 per dollar on October 7, with annual inflation rising to 6.29%. The central bank's rate is at 12.25%. Ecopetrol and Bancolombia shares fell 1.95% and 2.94% respectively. The COLCAP index closed at 2,589 on Tuesday. Prediction markets suggest a 48.7% chance of a rate hike in October.

FTSE Russell removed Egypt from its Watch List, keeping it as a Secondary Emerging market. The decision was based on Egypt meeting the minimum of three eligible stocks: Talaat Moustafa Group, Telecom Egypt, and Commercial International Bank. This avoids potential outflows from funds tracking emerging-market indexes.

REA Group and Commonwealth Bank (CBA) predict Australian house prices will continue falling into 2027. CBA forecasts a 9% drop due to rate hikes and tax changes. REA's CEO cites higher interest rates as the main uncertainty. Prices have fallen 5.2% since March, with further declines expected. CBA sees rate cuts in late 2027.

JPMorgan Chase CEO Jamie Dimon warned of an impending bond crisis, citing government and corporate debt pressures. He noted that rising credit spreads and higher borrowing costs could squeeze corporate borrowers, with distressed loans reaching $65 billion. Dimon advised early action to mitigate potential crises, highlighting risks in the technology sector and expecting higher default rates by 2027.

U.S. stocks recovered from session lows as Treasury yields reversed gains after a bond auction. Fed minutes suggested no urgent need for an October rate hike, easing investor concerns. Apple and Micron were noted as potential buy opportunities.

Fed minutes suggest another rate hike may occur by year-end. ETFs tracking major indexes, including SPY, DIA, and QQQ, declined. The article is informational and not investment advice.