According to The Kobeissi Letter, recent trading sessions have seen equity markets rally on optimism around potential trade deals, with investors buying into this narrative (source: @KobeissiLetter, Twitter, May 5, 2025). However, gold prices have surged simultaneously, indicating that traders may view trade deal hopes as overly optimistic and are seeking safety in gold. Meanwhile, yields remain indecisive, reflecting market uncertainty. For crypto and commodity traders, this environment suggests increased demand for safe haven assets like gold, as market participants hedge against potential volatility and shifting sentiment (source: @KobeissiLetter, Twitter).