"The protracted conflict in the Middle East has adversely impacted various market channels, complicating gold's efforts to capitalise on the geopolitical risk premium."
"The upcoming weekend presents a significant window for further military escalation by U.S. or Israeli forces, likely followed by President Trump's tactical manoeuvres to suppress market volatility on Monday."
"Trump's optimism isn't real unless missiles and drone attacks cease and jets and bombers land. Till that time, the market will keep pricing the cost of this war."
Gold prices have dropped approximately 1.5% after not sustaining the critical level of $4,500 per ounce. The ongoing conflict in the Middle East has complicated gold's ability to leverage geopolitical risks. Speculative long positioning in COMEX gold futures has been suppressed, increasing downside pressure. Conflicting signals regarding the Iran conflict persist, with President Trump's statements providing temporary relief, while military escalations suggest a potential ground offensive. Energy CEOs warn of a more severe global fuel crisis than reported, indicating significant market implications.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]