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This week's dramatic shift in geopolitical sentiment has caused sharp fluctuations in energy and metal markets. According to PANews, after the US and Iran reached a tentative ceasefire agreement, panic sentiment dissipated, and crude oil became the biggest casualty of the cooling narrative. Gold also felt the pressure, retreating after breaking through $4,850. The US dollar index fell below the 100 mark this week, and US stocks rebounded strongly after the ceasefire news.