Markets

Gold breaks key Fibonacci support as Iran rejection fuels rate hike bets - Kitco

Source: Kitco

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DW NOTE

Gold is down 21.6% from its January high while the Strait of Hormuz sits closed, the Fed just hiked rates for the first time in three years, and war continues in Ukraine and the Middle East. The textbook says gold rallies when real rates fall and geopolitical risk rises. This is what it looks like when the textbook is wrong.

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The United States has not pressured India to cut crude oil imports from Russia, Indian Oil Minister Hardeep Singh Puri said on Tuesday, as Russian cargo arrivals to the world’s third-largest crude oil importer have declined in recent weeks amid an increase in imports from the Middle East. India’s pu

Gold breaks key Fibonacci support as Iran rejection fuels rate hike bets - Kitco

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