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Gold Consolidates Near $4,700 Amid Rate and Geopolitical Risk
Gold prices are broadly flat as European trading gets underway, with the precious metal sitting just above $4,700. Since its sharp decline in mid-March, the average price of gold has remained close to current levels, suggesting a period of consolidation driven by opposing market forces. On one hand, ongoing geopolitical and economic uncertainty continues to support demand for gold as a safe-haven asset. On the other, the war between the US and Iran has pushed energy costs higher, adding to inflationary pressures and shifting expectations regarding central banks’ monetary policy. Investors now expect the Federal ... (full story)
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And here comes the BOJ
From finance.yahoo.com | May 14, 2026
Gold fell as investors weighed the Federal Reserve’s interest-rate path after US data this week showed a war-driven surge in inflation. Bullion fell as much as 1% to trade below $4,650 an ounce on Thursday, reversing earlier gains of as much as 0.6%. The precious metal has traded in a tight range since falling sharply in the early days of the Iran war as ...
From kitco.com | May 14, 2026
While the Iran conflict has rocked the commodity sector, with oil prices spiking as gold prices have slid lower, demand for the yellow metal has remained strong and it has performed exactly as it should under the circumstances, according to James Steel, Chief Precious Metals Analyst at HSBC. “The demand has been good out of China,” Steel said. “The Shanghai ...
