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Market Impact: 0.35
Gold Price Outlook: What Gold Did When The Shooting Resumed
Source: fxempire.com
Energy Markets & PricesGeopolitics & WarInflationInterest Rates & YieldsCurrency & FXCommodities & Raw MaterialsMonetary Policy
Gold broke below $4,500 and continued falling as U.S.–Iran fighting resumed, despite the usual safe-haven appeal. Price pressure was attributed to a stronger U.S. dollar, higher oil prices, and a hawkish Fed outlook. Net: risk-off drivers failed to offset USD and rates headwinds, keeping gold on the back foot.
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