Williams said transparency is highly beneficial to the Federal Reserve.

Since the Iran conflict began US retail fuel has surged: AAA shows regular gasoline about 25% higher YoY at $3.80/gal and diesel up 30% at $4.80/gal. Crude has eased recently, but uncertainty around the Strait of Hormuz is likely to keep refined fuel prices firm because additional Gulf crude supply takes time to reach product markets. Analysts point to limited refining capacity widening the crude–product spread; Enverus analyst Carl Larry says refinery bottlenecks mean product prices will remain elevated. Global fuel supply is further strained after Ukrainian drone strikes on Russian refineries triggered a severe domestic fuel shortage and Moscow subsequently banned diesel exports; Russia had been the world’s No.2 diesel exporter. University of Houston energy researcher Ed Hirs says current volatility is creating price premia and higher costs.

上海黄金交易所黄金T+D 7月9日（周四）晚盘收盘上涨1.16%报901.36元/克； 上海黄金交易所白银T+D 7月9日（周四）晚盘收盘上涨2.96%报14653.0元/千克。