Gold remains steady at $2,386 per ounce following a decline of 1.4%. The decrease in geopolitical fears associated with the Israel-Iran conflict has alleviated concerns over energy supply disruptions. With no major developments impacting oil production, the potential for inflation and high interest rates has stabilized. Experts assert that without catastrophic events, global oil production can absorb disruptions. Nonetheless, tensions persist with the US-China trade negotiations, which, if unresolved, could lead to new trade restrictions impacting corporate sales and inflation.
The lack of a breakthrough in the US-China trade dispute could lead to US restrictions on semiconductor exports, threatening billions in American corporate sales.
As long as the Israel-Iran conflict does not severely disrupt energy supplies, markets may downplay its impact, limiting the geopolitical risk premium supporting gold prices.
Collection
[
|
...
]