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Gold slides on Iran oil shock and firm US dollar, with $4,000 support eyed before late-2026 rebound
Gold has fallen amid an Iran-linked oil shock, rising inflation expectations, and a stronger US Dollar. These factors support expectations that US Federal Reserve policy stays tighter for longer. Long-term technical support is placed at $4,288–$4,000 per ounce. An oil spike to $150+ per barrel is linked to a possible move in gold towards that support area. A projected recovery path depends on the Iran conflict easing and oil-driven inflation pressures fading. Under that scenario, gold is projected to resume an upward trend and reach $5,200+ by late 2026. Further conditions tied to a rise include lower yields, a ... (full story)
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From newyorkfed.org|May 7, 2026The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the April 2026 Survey of Consumer Expectations, which shows that households’ inflation expectations increased at the short-term horizon and remained unchanged at the medium- and longer-term horizons. Gas price growth expectations retreated appreciably from a spike in March. Labor market expectations were largely stable in April. Perceptions of credit access and expectations for future credit access both deteriorated, but delinquency expectations improved. The survey was fielded from April 1 through April 30, 2026. The main findings from the April 2026 Survey are: Inflation • Median inflation expectations increased by 0.2 percentage point to 3.6% at the one-year-ahead horizon. They were unchanged at 3.1% for the three-year-ahead horizon and at 3.0% for the five-year-ahead horizon in April. The survey’s measure of disagreement across respondents (the difference between the 75th and 25th percentiles of inflation expectations) increased at the one-year and five-year-ahead horizons and decreased at the three-year-ahead horizon. Median inflation uncertainty—or the uncertainty expressed regarding future inflation outcomes—increased at the one-year-ahead horizon and decreased at the three-year and five-year-ahead horizons. Median home price growth expectations decrea US NY Fed 1-Year Inflation Expectations Apr: 3.64% (est 3.5%; prev 3.4%) - 3-Year Inflation Expectations: 3.1% (prev 3.1%) - 5-Year Inflation Expectations: 3.0% (prev 3.0%) NY Fed: April forecasts higher future unemployment rate, highest since April 2025 NY Fed: April current and future credit access outlook worsens from March NY Fed: April Year-ahead gasoline price forecasts fell sharply
From @LiveSquawk|May 7, 2026|1 commentUS State Department Official: Lebanon, Israel To Hold Talks Thursday And Friday Next Week In Washington – RTRS
From robbreport.com|May 7, 2026If you’re feeling blue, Christie’s has just the gem. The auction house is offering an extraordinarily large 31.62-carat blue diamond at the Magnificent Jewels sale in New York ...
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From @financialjuice|May 7, 2026|44 commentsIran imposes new rules for Strait of Hormuz passage - CNN VESSELS MUST COMPLETE APPLICATION TO ENSURE SAFE PASSAGE: CNN
Iran imposes new rules for Strait of Hormuz in bid to secure wartime gains Iran is trying to force shippers to comply with a new protocol for transiting the Strait of Hormuz – or risk attack. Tehran has laid out a set of new rules for vessels seeking to transit the Strait of Hormuz, according to a document seen by CNN, pressing ahead with efforts to formalize control over the waterway in defiance of US warnings. Entitled “Vessel Information Declaration,” the document is an application form issued by Iran’s newly created Persian Gulf Strait Authority (PGSA) and must be completed by all transiting vessels to ensure safe passage. It was shared with CNN by Lloyds List and another shipping industry source who wished to remain anonymous. Before the US and Israeli campaign against Iran began at the end of February, the strait was free for any vessel of any origin to navigate. But since the conflict began, Iran has threatened to strike any ship passing through Hormuz without permission from the Islamic Revolutionary Guard Corps (IRGC) navy. A number of vessels have come under attack, but the vast majority of ship owners and operators have opted not to take the risk of sending their vessels through in defiance of Iran. The move to set up an authority for the strait underscores Iran’s determination to cement control over what it sees as a spoil of war, despite repeated US and regional w
From @LiveSquawk|May 7, 2026|46 commentsUS Can’t Reopen Strait With ‘Unrealistic Plan,’ Senior Iranian Official Says - WSJ
From dnyuz.com|May 7, 2026|22 commentsA confidential CIA analysis delivered to administration policymakers this week concludes that Iran can survive the U.S. naval blockade for at least three to four months before ...
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- May 7, 2026 10:09am Posted byFundamental Analysis16,317
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