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Gold: the floor has been found, but where is the ceiling?
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 dollar and rising Treasury yields are typical headwinds. However, this time demand is supporting the precious metal. Capital outflows from ETFs have given way to inflows. The 7.4-metric-tonne increase in holdings of specialised exchange-traded funds on 21 July was the ... (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 | 5 hr 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 ...
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