Gold continues to hold $4,000 as U.S.-Iran pause pressures crude oil - KITCO
Gold continues to hold $4,000 as U.S.-Iran pause pressures crude oil - KITCO
Source: KITCO
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DW NOTE
Gold is down 23% from its January peak but still holding $4,000 — which tells you the rally was built on panic, not fundamentals. A U.S.-Iran pause drains the geopolitical premium from oil, which is down roughly 25% from annual highs despite recent strength. When the threat recedes, so does the flight bid.