BofA sees lost year taking shape for gold - thestreet.com
Source: thestreet.com
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DW NOTE
Bank of America calls a lost year for gold while the metal sits 25% below its January high — during an active blockade the IEA called the worst oil supply shock in history. Either their clients don't believe the Strait closure matters, or they've already decided it ends soon. Neither is analysis.
Oil prices hit the $100 per barrel mark early on Wednesday in Asian trade as the ongoing crisis in the Middle East has diminished hopes of U.S.-Iran talks and a return to normal oil flows soon. As of early morning trade in Europe on Wednesday, the international benchmark, Brent Crude, jumped by 2.2
Bitcoin advanced to as high as $79,700 while Brent crude topped $100 and European shares fell, leaving crypto tracking gold rather than equities.
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