Gold Holds Above $4,000 as Traders Look to Fed Rate Decision - Bloomberg.com
Gold Holds Above $4,000 as Traders Look to Fed Rate Decision - Bloomberg.com
Source: Bloomberg.com
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DW NOTE
Gold at $4,073 is not a breakout — it's 23% below January's $5,318 peak. Eight months of Hormuz closure should have kept it higher. The retreat suggests traders are pricing geopolitical stability that Iran's stated seven preconditions make unlikely, or that Fed policy matters more than supply shock when real rates turn positive.