Gold erases three quarters of gains as spot price falls to $3,976 - scanx.trade
Source: scanx.trade
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DW NOTE
Gold has now surrendered three-quarters of the gains it made during the Hormuz closure. A $1,300 round-trip in six months is not a store of value — it's a volatility instrument with a marketing problem.
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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