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Gold Holds Ground at $4,000 and Moves Higher
Gold gained $72.30, or 1.80%, on Tuesday based on the most active August futures contract, marking the largest gain for the precious metal since July 2. Gold moved higher on hopes that a Middle East ceasefire may be forthcoming. On Monday, an Iranian official reported that Tehran had received a proposal from mediators for a 10-day ceasefire as part of Washington’s attempt to salvage its interim deal. This had a direct effect on rate hike expectations, increasing the odds of a rate hike this month from 16% yesterday to 26% today. Traders are now assigning a 15.8% probability that rates will be a full half-percent ... (full story)
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From this point forward, any time the Islamic Republic of Iran shoots at a ship in the Strait of Hormuz, whether it be by Missile, Rocket, Drone, or any other device or weapon, the United States will bomb and destroy ONE BRIDGE OR POWER PLANT, including those located next to, or in, the Capital City of Tehran. Thank you for your attention to this matter! President DONALD J. TRUMP
From tickmill.com | 2 hr 23 min ago
Gold Rising Despite Strong USD Gold prices have proven strangely resilient this week. Despite the surge in oil prices and renewed strength in USD, gold has managed to grind its way higher, avoiding the typical sell off we’ve seen in response to prior phases of Crude/USD strength. Given the re-escalation of the Iran war the moves higher in gold this week are ...
August Gold futures posted strong single-session gains as geopolitical tensions in Eastern Europe reinforced safe-haven demand. Recent military escalations between Russia and Ukraine have pushed conflict risks back to the forefront, encouraging investors to maintain elevated gold allocations. However, market expectations for monetary policy are also ...
