Markets

Gold firms as softer dollar offsets oil-led yield pressure - Kitco AM Report - kitco.com

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DW NOTE

Gold is down 17% from its January peak while stocks are up 19% and the VIX sits at 15.71. The Strait of Hormuz remains closed and Ukraine is seeing its deadliest fighting in four years, but volatility expectations have never been lower. Risk-off used to mean something.

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For the first four months of the war between the United States and Israel and Iran, oil traders remained largely bearish. The overwhelming expectation was that the war would end soon—even as July rolled around—and oil flows out of Hormuz would recover. Instead, the world is slipping into a fuel shor

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