Gold Holds Gain as Progress on Hormuz Deal Lowers Rate-Hike Odds - Bloomberg.com
Gold Holds Gain as Progress on Hormuz Deal Lowers Rate-Hike Odds - Bloomberg.com
Source: Bloomberg.com
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DW NOTE
The Hormuz closure has been absolute for five months — 2 ships transiting versus 73 per day — and oil just fell 11.6% in a week. Markets are pricing the deal before it exists, which means they'll price the failure twice as hard if it doesn't.