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Market Impact: 0.75

Gold Plunges On Inflationary Pressure Due To Energy Shocks From Gulf War

Geopolitics & WarEnergy Markets & PricesCommodities & Raw MaterialsInflationInvestor Sentiment & PositioningMarket Technicals & Flows

Gold prices plummeted on Thursday, extending prior losses after Israel and Iran traded attacks on energy facilities that pushed oil prices higher. The oil-driven jump in inflation concerns has driven investors away from gold, raising market volatility and the risk of further commodity-price swings.

Analysis

Gold prices plummeted on Thursday, extending prior losses after Israel and Iran traded attacks on energy facilities that pushed oil prices higher. The oil-driven jump in inflation concerns has driven investors away from gold, raising market volatility and the risk of further commodity-price swings.

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Market Sentiment

Overall Sentiment

moderately negative

Sentiment Score

-0.45