Markets

Gold futures fell as rate pause offset safe haven demand. - CME Group

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DW NOTE

The Fed held rates steady at 3.65% in June while Hormuz stayed 80% blocked, Russia inflicted 1,300 casualties per day in Ukraine, and Iran edged toward resuming hostilities. Gold fell anyway. Apparently investors prefer 3.65% nominal yields in a currency whose government is running a $1.4 trillion deficit to metal with no counterparty risk during a five-month oil chokepoint.

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Brent Breaks $100 for the First Time in Nearly Two Months

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 climbs as oil tops $100, equities drop after Iran strikes

Bitcoin advanced to as high as $79,700 while Brent crude topped $100 and European shares fell, leaving crypto tracking gold rather than equities.

Gold futures fell as rate pause offset safe haven demand. - CME Group

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Brent Breaks $100 for the First Time in Nearly Two Months

Bitcoin climbs as oil tops $100, equities drop after Iran strikes

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