Gold falls 3.1% to a seven-week low as higher fuel costs raise Fed rate-hike expectations, while crude jumps 2%+ after President Trump rejects an Iranian truce proposal. The 10-year Treasury yield hits 5.215%, near a 2007 high. In corporate news, BASF's overture to Evonik draws mixed analyst views, Glencore plans ASX listing, and Tenaga Nasional faces rising gas costs.
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