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Bar chart comparing same-session moves across seven assets, with gold rising nearly a percent to lead every other asset by a wide margin.

Gold led every other asset tracked on the session, rising nearly $37 an ounce as Canada's hotter July inflation print and an expiring Strait of Hormuz toll waiver were treated by markets as one connected story rather than two. Gasoline prices, which drove July's inflation surprise, respond to the landed cost of crude rather than to headlines, meaning the toll deadline's effects were already embedded in the data before this weekend's expiry took effect.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

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