Gold Loses Its Luster As Stagflation Risk Jumps On Iran War

Gold fell over 10% last week as real yields spiked, pushing gold implied volatility higher. Overall implied volatilities were mixed as investors weighed the impact of the ongoing Iran war. The price action signals risk-off positioning and elevated market volatility tied to geopolitical risk and rising yields.

Analysis

Gold fell over 10% last week as real yields spiked, pushing gold implied volatility higher. Overall implied volatilities were mixed as investors weighed the impact of the ongoing Iran war. The price action signals risk-off positioning and elevated market volatility tied to geopolitical risk and rising yields.