Oil Surging +12% While Gold Drops -1.8%: Risk-On Commodity Rotation

USO jumped nearly 12% while GLD fell 1.8% and Treasury bonds edged up — a classic risk rotation pattern. This aligns with prediction markets showing elevated Iran invasion probability (56%) and the broader geopolitical risk premium. The VIX remaining elevated at $33.59 suggests this isn't complacency but selective risk-taking.