Gold Hold at $4k for Now, but How Will it Handle the Fed? - FOREX.com
Source: FOREX.com
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DW NOTE
The Fed holds at 3.63% while oil sits $89 — up 27% in a month because the Strait of Hormuz has been mined shut for six weeks. That's not monetary normalisation, that's watching an energy shock build and deciding it's someone else's 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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