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Iran tensions rise: a setup brewing for gold and oil
Geopolitical tensions surrounding Iran might fuel safe-haven demand for gold. A break above $3,403 might open the door for a test of the May high at $3,437. However, price action over the last two sessions potentially indicates that buyers are reluctant to drive spot prices above $3,400. At the same time, analysts are suggesting that oil could climb toward $120 if Israel takes military action against Iran. “I don’t want to say it’s imminent, but it looks like something that could very well happen,” President Trump said during a White House event. Meanwhile, cooler-than-expected US CPI and PPI prints have ... (full story)
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From @realDonaldTrump|Jun 12, 2025|2 comments
We remain committed to a Diplomatic Resolution to the Iran Nuclear Issue! My entire Administration has been directed to negotiate with Iran. They could be a Great Country, but they first must completely give up hopes of obtaining a Nuclear Weapon. Thank you for your att...
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- Jun 12, 2025 4:40pm Posted byTechnical Analysis310
