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Gold price wins in Iran war, but not copper
From canadianminingjournal.com
The U.S.-Iran war may shave as much as 0.7% off the global economy and push gold prices higher as investors focus on a swelling U.S. deficit and a weaker dollar, according to Red Cloud Securities. Higher fuel costs and a darker outlook for industrial metals are also emerging risks for miners, commodity strategist Kenneth Hoffman said in a sector note on Friday, as diesel prices spike and global growth forecasts soften. “We still believe in a precious metals bull market,” Hoffman said. “An unwinding of the positions in the dollar and a short position in gold could unravel over the next few weeks, sending the ... (full story)
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- Apr 13, 2026 12:58pm Posted byFundamental Analysis177
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