Investors are chasing the latest rally in gold as the yellow metal hits strongest level in 2 months - MarketWatch
Investors are chasing the latest rally in gold as the yellow metal hits strongest level in 2 months - MarketWatch
Source: MarketWatch
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DW NOTE
Gold at $4,463 is still 16% below its January peak of $5,318. The Strait of Hormuz has been effectively closed for five days, oil is up 10-11% in a week, and Treasury yields are climbing. Investors aren't chasing a rally — they're repricing geopolitical insurance at a discount to where it traded seven months ago when the risk was lower.