<div id="readability-page-1">It looked like risk sentiment was bound to take a big knock yesterday but not for some mix of headlines to start the week. First, we had Iranian media saying that the US is to propose a temporary waiver to sanctions. That helped to bring risk trades off their lows before the news was denied by US officials later on. That led to the market mood being not as bad as it was from the start of European trading.After which, US president Trump helped to lift the mood further in calling off a large-scale military strike against Iran that had been scheduled for Tuesday. He said that the suspension was at the request of Gulf leaders, to allow for peace talks to continue. He then went on to say that there is a &#34;good chance&#34; of a deal now that the strike has been called off.That at least helped to see Wall Street salvage something towards the end of yesterday.But as we get into the new day, we're starting to see caution get thrown back up in the air. S&amp;P 500 futures are down 0.3% while bond yields continue to stick at the highs. 10-year yields in the US are at 4.60% with 30-year yields at 5.14% on the day.In other markets, the dollar is also gaining slight ground with EUR/USD down 0.2% to 1.1635 and USD/JPY starting to border near the 159.00 level. On the latter, intervention risks remain high after Japan finance minister delivered another warning shot here. Meanwhile, AUD/USD is also down 0.5% to 0.7130 on the day.In the commodities space, oil prices are off highs from yesterday but are still keeping elevated. Brent crude is holding near $110 while WTI crude (July contract) is sticking at around $102.70, with the latter well off the overnight lows of $98.60.And looking to precious metals, gold is back down by 0.5% to $4,541 with silver down 1.9% to $76.17 currently.</div>

GLDM

The US-Iran conflict continues to create uncertainty in the markets. Initial optimism arose from reports of a potential temporary waiver on sanctions, but this was later denied by US officials. President Trump called off a planned military strike, boosting market sentiment. However, caution returned as S&P 500 futures fell 0.3%, and bond yields remained high. The dollar gained slightly, while oil prices stabilized near $110 for Brent and $102.70 for WTI. Gold and silver prices also saw declines.

- Mixed headlines influenced risk sentiment in the markets, with initial reports of a US proposal for a temporary sanctions waiver lifting moods before being denied by officials.  
- President Trump further boosted optimism by calling off a military strike against Iran, citing requests from Gulf leaders for ongoing peace talks.  
- As the day progressed, caution returned, leading to a 0.3% decline in S&P 500 futures, while bond yields remained high and commodities such as oil and gold showed mixed performance.

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Caution still up in the air as the US-Iran conflict drags on