Gold steadies, heads for third straight weekly gain - Reuters

Gold steadies, heads for third straight weekly gain - Reuters

Source: Reuters

DW NOTE

Gold's third straight weekly gain reflects the Hormuz closure and active shooting wars on three continents — not investor confidence. At $4,575, it's still 14% below its January peak, which means the market is pricing in either imminent resolution or sustained denial. Neither has a strong historical precedent when oil chokepoints close for weeks at a time.

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