Sanctions Shrug, Debasement Trade Roars: Gold, Bitcoin, and a Tense Wait for Nvidia

New U.S. sanctions on Iran barely move markets while China's role stays murky, Treasury eyes its $1 trillion cash account to fund bond buybacks, gold and Bitcoin surge on the 'debasement trade,' and tech stocks slide ahead of Nvidia earnings and Alibaba's discounted share sale. In this episode: • U.S. expands sanctions on Iran, but markets shrug as China's role remains unclear — https://www.channelnewsasia.com/business/shares-oil-dip-us-sanctions-iran-loom-6336701 • Treasury yields fall on report Bessent may use General Account to fund bond buybacks — https://www.channelnewsasia.com/business/shares-oil-dip-us-sanctions-iran-loom-6336701 • Gold and Bitcoin surge as 'debasement trade' returns on Treasury debt moves — https://finance.yahoo.com/markets/commodities/articles/gold-bitcoin-surge-treasury-bond-154835198.html • Tech stocks slump ahead of Nvidia earnings, Alibaba's share sale weighs on sentiment — https://www.channelnewsasia.com/business/shares-oil-dip-us-sanctions-iran-loom-6336701