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Why Is Gold Rising Despite Higher Crude/USD?
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 somewhat surprising and suggest that traders are perhaps attaching more focus to the recent drop in US inflation and its implications for the Fed outlook. Over the course of the Iran war to date, gold has fallen sharply, weighed on by a stronger US Dollar and ... (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 thegoldforecast.com | 17 hr ago
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 ...
From fxpro.news | 1 hr 42 min ago
The US dollar staged a four-day growth against the backdrop of air strikes on Iran. Rumours of a temporary ceasefire have not been confirmed, pushing Brent to near $93 per barrel and fuelling inflation fears. The odds of two Fed rate hikes in 2026 are estimated at 50/50, supporting the USD. This makes the gold rally all the more surprising, as a strong ...
