$4,000 an Ounce: The Key Threshold Gold Must Hold Next Week - NAI500
Source: NAI500
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DW NOTE
Gold fell 24.6% from its January high, oil jumped 15% this week but remains 26% below its yearly peak — five months into history's worst supply disruption. Either markets believe the Strait reopens soon or they've priced a permanent reroute around the Cape at $88 Brent. Neither thesis appears in any shipping data.
For the first four months of the war between the United States and Israel and Iran, oil traders remained largely bearish. The overwhelming expectation was that the war would end soon—even as July rolled around—and oil flows out of Hormuz would recover. Instead, the world is slipping into a fuel shor
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