Markets

Despite Middle East escalation, interest rates remain the key price driver for gold and silver – StoneX - KITCO

Source: KITCO

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DW NOTE

StoneX is correct and the market proves it. Gold fell 24.6% from its January peak despite active wars in Ukraine and Gaza and a Strait of Hormuz closure that has stranded 2,000 ships. When real rates stop being negative, crisis premiums evaporate — even when the crises don't.

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Despite Middle East escalation, interest rates remain the key price driver for gold and silver – StoneX - KITCO

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