-
Gold steady as traders watch Middle East war for inflation clues
Gold was steady as traders monitored a raft of developments in the Middle East conflict for clues on the energy price impact on inflation. Bullion continued to trade in a narrow range around US$4,000 an ounce after ending the previous session down 0.2 per cent. Oil was little changed after two days of gains, even after US forces launched a fresh round of strikes on Iranian targets and US President Donald Trump vowed Teheran “will pay” for killing three US soldiers in recent days. Yemen’s Iran-backed Houthi rebel group has entered the fray, vowing to impose a maritime blockade on Saudi Arabia, prompting a ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
Inflation fears are back on the table, amid worries over escalating tensions between the U.S. and Iran in the Middle East conflict which has kept oil prices elevated, according to analysts. BlackRock estimates that the conflict will add around 0.8 percentage points to global headline inflation, though the impact may not be uniform across all regions. Europe ...
From moneycheck.com | 23 hr ago
The yellow metal continues trading around the $4,000 threshold as market participants weigh escalating global tensions against the possibility of elevated borrowing costs that could dampen demand for the safe-haven asset. Spot gold advanced 0.2% during Monday’s session, settling at $4,024.09 per ounce. Gold futures contracts similarly appreciated, reaching ...
Every time Iran kills an American Soldier they will pay for that killing many times over! This directive has been passed on to Secretary of War, Pete Hegseth, Chairman of the Joint Chiefs of Staff, Daniel Caine, and every Leader in the Military. President DONALD J. TRUMP
