Gold Prices Hold Near $4,400 as Fed Rate Hike Bets Fade 
Strait of Hormuz Shipping Near Standstill After New Vessel Attacks 
Australian Consumer Sentiment Jumps 6% in August as Rate Outlook Improves 
Oil Prices Rise as U.S.-Iran Tensions Grip Strait of Hormuz 
Citadel Warns High Treasury Yields Pose Broader Market Risks 
Trump Imposes New Tariffs on Drone Imports Over US Security Concerns 
Yen Edges Higher as Weak US Data Dampens Fed Rate Hike Expectations 
US Stock Futures Mixed as Fed Rate Hike Bets Fade, AI Deals in Focus 
Morgan Stanley Sees Fed Holding Rates as U.S. Inflation Cools 
Asian Stocks Steady as Iran War Keeps Oil Prices and Inflation Risks Elevated 
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Not many economic dockets and events scheduled for today and all with low to medium volatility risks associated.
Data released so far:
- China: House price index is up 11.3 percent in March from a year ago.
- Australia: RBA released minutes of the meeting.
Upcoming:
- United States: Building permits and housing starts report will be released at 12:30 GMT. Redbook index numbers will be updated at 12:55 GMT. Industrial production report for March will be published at 13:15 GMT.
- New Zealand: Global dairy auction is scheduled today.
- Auction: U.S. will auction 1-month bills at 15:30 GMT. Spain will auction 3-month and 6-month bills today. UK wilThe UKauction 30-year bond.
