Gold holds near $4,138 as ISM prices keep yields elevated - Kitco PM Report - Kitco
Gold holds near $4,138 as ISM prices keep yields elevated - Kitco PM Report - Kitco
Source: Kitco
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DW NOTE
Gold is trading near $4,138 — down 22% from January's $5,318 high — while the U.S. remains at war with Iran, the Strait of Hormuz sits effectively closed, and oil supply is forecast to drop 6% this year. The metal has now surrendered most of its war premium even as the wars continue, because ISM pricing data lifted Treasury yields and reminded traders that inflation still answers to the Fed, not geopolitics.