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Gold's Traditional Crisis Response Returns
Gold staged a dramatic rally on Tuesday, pushing prices in the futures market to fresh two-week highs above $4,170. The advance of $75.50, or 1.85%, was notable, but the bigger story wasn't the size of the move — it was what drove it, marking an apparent reversal from the pattern that has governed gold trading in recent months. Since the U.S.-Iran conflict escalated on February 28 of this year, I, along with every other commodity analyst, have repeatedly pointed to anticipated Federal Reserve policy, rather than safe-haven demand, as the dominant force behind gold's direction. That relationship has held for nearly ... (full story)
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From kitco.com | 7 hr ago
The renewed chaos in the Middle East has once again reignited inflation fears, pressuring gold as investors price in the prospect of higher interest rates. However, one precious metals analyst argues the market is approaching a tipping point where investors begin worrying less about inflation and more about the stability of the global economya shift that ...
Gold futures rallied over 1.9% to trade back above $4,150 per ounce, supported by technical buying, expanded long positions, and ETF inflows despite geopolitical hostilities. Traders continue to monitor energy prices and U.S. economic data for signals on Federal Reserve policy. Silver futures rose more than 2.5% past $60 per ounce alongside Gold futures ...