Gold Price Floor 'Holds' as AI Tech Slump Escalates - BullionVault
Source: BullionVault
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DW NOTE
Gold at $4,000 is not a floor — it's a 25% drawdown from January. Silver down 51% from peak is a rout. The note reads like an effort to rebrand capitulation as support, but safe-haven bids don't evaporate this hard unless investors have stopped believing the war premium matters or started needing the cash more than the hedge.
Oil prices hit the $100 per barrel mark early on Wednesday in Asian trade as the ongoing crisis in the Middle East has diminished hopes of U.S.-Iran talks and a return to normal oil flows soon. As of early morning trade in Europe on Wednesday, the international benchmark, Brent Crude, jumped by 2.2
Bitcoin advanced to as high as $79,700 while Brent crude topped $100 and European shares fell, leaving crypto tracking gold rather than equities.
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