Gold holding its own around $4,300 as US durable goods remains resilient - Kitco

Gold holding its own around $4,300 as US durable goods remains resilient - Kitco

Source: Kitco

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DW NOTE

Gold is down 18.8% from its January high while the US fights a shooting war with Iran and the Strait of Hormuz sits closed. If armed conflict, a 5.7 million barrel-per-day supply shock, and a 25-basis-point rate hike can't hold the rally, the January high was speculative froth, not safe-haven demand.

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