Gold tops $4,200 as Hormuz deal hopes trim Fed hike bets, dollar slips - Investing.com
Gold tops $4,200 as Hormuz deal hopes trim Fed hike bets, dollar slips - Investing.com
Source: Investing.com
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DW NOTE
Gold is falling, not rising. The headline says "tops $4,200" but the verified briefing shows gold at $4,151 — down 21.9% from its January high of $5,318. Meanwhile, oil sits at $75.72 despite the Strait of Hormuz entering its fourth month of closure with 2,000 ships stranded in the Gulf. If a supply disruption with no modern parallel can't hold crude above $76, the carry trade has overwhelmed fundamentals entirely.