The gold-silver ratio has fallen below the 50 mark, and Trump has hinted at a temporary halt to military action against Iran!

· U.S. November PPI rose slightly month-on-month; retail sales growth exceeded expectations. The third quarter of last year recorded the smallest trade deficit since the second quarter of 2023. This news is bullish for the U.S. dollar. · UK media: The Trump administration has obtained a list of 50 high-value military targets in Iran. Iran's Revolutionary Guard says it has reached the highest state of combat readiness, and missile stockpiles have increased. This news is bullish for crude oil. · Trump: Imposes a 25% tariff on imported chips not used for U.S. AI. White House: May expand the scope of chip import tariffs in the near future. This news is bullish for Nvidia.