Gold stayed near record highs as weak US job numbers stoked bets that the Fed will finally cut rates this month. Markets now price in a 25-point trim, with some pushing for more as hiring momentum evaporates. Oil slid again on oversupply and fading demand, tensions abroad doing little to prop it up. And in Delhi the air sits heavy and poisonous, AQI readings deep in the red, another reminder that the climate crisis isn’t waiting politely for politics to catch up.

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