Major stock indices ended mostly lower after a two‑day rally. In the US, the Information Technology sector fell nearly 2%, weighed down by a 5.5% drop in Nvidia shares. In contrast, the equally weighted S&P 500 gained 0.6%. Treasury prices and gold edged higher as investors sought safe‑haven assets following the conclusion of US - Iran talks, which ended without any tangible progress. Today, we are joined by Thomas Caflisch, Head of FX Sales Switzerland, who shares his views on precious metals and alternatives for those looking to diversify beyond the US dollar.

• (00:00) - Introduction: Bernadette Anderko, Product & Investment Content