Gold holds near two-month high as equities slip, oil rallies - Kitco PM Report - KITCO
Gold holds near two-month high as equities slip, oil rallies - Kitco PM Report - KITCO
Source: KITCO
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DW NOTE
Gold is up 11% in a month while equities slide—precisely the flight-to-quality pattern you'd expect when the Hormuz blockade hits day 119 and the 10-year yield climbs to 4.65%. The metal is still 16.6% below its January peak, which means investors are hedging uncertainty, not panicking into monetary collapse. Oil rallies and bonds sell off in the same session: that's stagflation positioning, not refuge.