Gold futures close near $4,350 after dipping to $4,322. - CME Group

Gold futures close near $4,350 after dipping to $4,322. - CME Group

Source: CME Group

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DW NOTE

Gold closing near $4,350 with the Strait of Hormuz shut, the Fed hiking into a supply shock, and oil somehow falling says one thing: someone believes the crisis ends cleanly. The last time markets priced geopolitical risk this calmly while 2,000 ships sat stranded in a minefield, they were wrong.

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