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Gold holds above $4,000 as Hormuz diplomacy cools crude ahead of Fed decision - Kitco PM Report - Kitco

Source: Kitco

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DW NOTE

Gold at $4,032 is down 24% from January's $5,318 peak while the Strait of Hormuz enters day 241 of effective closure. The "diplomacy cools crude" framing mistakes absence of escalation for resolution — oil inventories are still falling 700,000 barrels per day and supply is down 6% for the year. Markets are pricing détente that hasn't happened.

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Gold holds above $4,000 as Hormuz diplomacy cools crude ahead of Fed decision - Kitco PM Report - Kitco

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