Web Trader MT5 
Oil prices jumped more than 4% on Wednesday after U.S. Vice President J. D. Vance said Iran had failed to meet core U.S. red lines during negotiations and President Donald Trump reserved the right to use military force if diplomacy fails. Brent crude climbed to around $70.20 a barrel and U.S. West Texas Intermediate rose above $65.
Gold rose to $5,000 in Asian hours, holding gains as renewed U.S.–Iran tensions support safe haven demand. However, gains may be limited by a firmer U.S. dollar after FOMC minutes revealed some policymakers see the possibility of rate hikes if inflation stays elevated. Traders now await U.S. Initial Jobless Claims, Pending Home Sales, and Fed commentary for further direction, while low holiday liquidity may keep price action subdued.
FOMC minutes issued yesterday showed that Federal Reserve officials were divided at their January meeting, agreeing to keep interest rates unchanged for now but signaling that future cuts would depend on inflation continuing to ease. While many supported holding rates steady to assess incoming data, some said further easing should wait until there is clear evidence that disinflation is firmly back on track. A few even raised the possibility that rates might need to rise again if inflation remains elevated.
Markets currently expect the next rate cut in June, with another possible move later in the year, as traders await clearer signals on inflation and economic momentum.
In yesterday’s session, the S&P 500 rose nearly 0.5% to 6,875, the Nasdaq 100 gained 0.65% to 24,865, and the Dow added about 0.2% to 49,637, supported by strength in mega-cap tech stocks like Nvidia and Amazon, along with gains in financials and energy.
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