One Day Until Trump's Self‑Imposed 5-Day Deadline On Iran But Markets Appear Increasingly Numb

Markets are pricing out geopolitical risk premiums faster these days. Iran deadline fatigue is real. But here's what stackers need to remember - Middle East tensions don't just disappear because traders get bored. Oil infrastructure remains vulnerable. Strait of Hormuz still matters for global trade flows. Central banks aren't selling their gold reserves because headlines fade. They're buying because structural risks persist. The COMEX registered gold keeps bleeding lower while paper traders chase momentum elsewhere. Physical demand from nervous institutions tells the real story. When headlines stop mattering to futures traders, that's usually when the real moves begin in physical markets.