The focus of financial market participants remains on the ongoing war in Iran. Against this backdrop, the US dollar continues to strengthen, while its main rivals are under selling pressure. However, the risks of a renewed decline in the dollar still persist. Stock indices are trading mixed and remain under bearish control, although corrective pullbacks continue to attract buyers. Despite rising geopolitical risks, gold has been unable to restore its upward momentum — selling pressure dominates, and the price is struggling to hold the psychological level of 5,000 dollars per ounce. Bullish positions in silver also remain vulnerable, although a break below previous corrective lows currently appears unlikely. Amid tensions in the Middle East, oil remains in high demand. However, the G7’s decision to release strategic reserves and intervene in the market is limiting further price growth. Nevertheless, bears should remain cautious — any price decline could again become an opportunity for buyers. The coming week will be centered on interest rate decisions from key central banks, including the RBA, the Federal Reserve, the Bank of England, the SNB, and the ECB. These events may trigger short-term volatility in related currency pairs but are unlikely to lead to strong directional moves. Given the war in Iran and uncertainty about the impact of higher oil prices on both national and global economies, monetary authorities are expected to act with maximum caution.