Markets will find out next week how firm $4,000 is as a floor for gold - KITCO
Source: KITCO
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DW NOTE
Gold is down 25% from its January peak while two major oil chokepoints remain contested and the Fed holds rates at 3.65% with inflation still above target. Markets aren't testing a floor — they're repricing the idea that geopolitical risk translates to sustained safe-haven demand when central banks refuse to ease.
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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