Gold has struggled to keep pace with other commodities as tight global energy markets and rapidly shifting central bank expectations reshape market positioning. Ongoing US–Iran tensions have not translated into the usual lift for safe-haven assets; instead, higher oil prices and a more hawkish tilt from most central banks have weighed on the metal. Some financial institutions have consequently adopted a more guarded near-term stance. TD Securities says the lack of a definitive US–Iran deal keeps supply risks elevated, supporting energy and base metals at gold’s expense. It adds that commodity trading advisors (CTAs) ... (full story)