Gold resilient but vulnerable as oil prices drive inflation fears - TD’s Melek | Metals Mine

  • Gold resilient but vulnerable as oil prices drive inflation fears - TD’s Melek

    From kitco.com

    Although gold prices have managed to find some near-term support above $4,600 an ounce, a major Canadian bank says the precious metal remains at the mercy of oil prices, even as its long-term outlook stays bullish. In his latest note on precious metals, Bart Melek, Head of Commodity Strategy at TD Securities, said that gold is struggling because the oil supply shock—driven by the conflict in the Middle East—is pushing inflation fears higher and forcing central banks to take a more hawkish stance on monetary policy. “There is a risk that policy will remain relatively restrictive, implying high real carry and a ... (full story)

Comment Options
    •   Newer Stories
    Trump: I will be removing the tariffs and restrictions on whiskey having to do with Scotland

    From @realDonaldTrump|Apr 30, 2026|11 comments

    In Honor of the King and Queen of the United Kingdom, who have just left the White House, soon headed back to their wonderful Country, I will be removing the Tariffs and Restrictions on Whiskey having to do with Scotland’s ability to work with the Commonwealth of Kentucky on Whiskey and Bourbon, two very important Industries within Scotland and Kentucky. People have wanted to do this for a long time, in that there had been great Inter-Country Trade, especially having to do with the Wooden Barrels used. The King and Queen got me to do something that nobody else was able to do, without hardly even asking! A wonderful Honor to have them both in the U.S.A. President DONALD J. TRUMP

    US: Robust March Consumer Spending, but Q1 GDP Comes in a Little Light

    From economics.bmo.com|Apr 30, 2026

    Personal spending jumped 0.9% in March, right in line with the consensus forecast. More encouraging for consumer spending in the second quarter was the improvement in personal ...

    Trump: Iran is dying to make a deal. Iran cannot be nuclear

    From @financialjuice|Apr 30, 2026|17 comments

    Trump: Iran is dying to make a deal. Iran cannot be nuclear. Trump: Iran's drone and missile factories are significantly down. Trump: Blockade in Hormuz is incredible, Iran getting no money from oil Trump: I don't know if we need to break ceasefire with Iran, we may do TRUMP: GAS PRICES WILL GO DOWN AS SOON AS IRAN WAR IS OVER

  • Story Stats

  • Related Stories