WHAT JUST HAPPENED TO GOLD!? - SilverTrade
Source: SilverTrade
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DW NOTE
Gold is down 21.6% from its January peak of $5,318, now at $4,171 — a 7.92% drop in the past month alone. The metal rallied on Iran risk, then gave it all back when the geopolitical premium evaporated faster than the threat itself.
Bitcoin fell 0.4% to around $79,700 since midnight UTC while Asian tech stocks rallied. The DeFi index dropped 1.8%, and the Fed is set to begin a two-day meeting.
Amundi Says ‘Worst Is Behind Us’ as Gold Flirts With $4,000 - Bloomberg.com
Gold retreats on stronger dollar; traders brace for Fed - Kitco
The United States has not pressured India to cut crude oil imports from Russia, Indian Oil Minister Hardeep Singh Puri said on Tuesday, as Russian cargo arrivals to the world’s third-largest crude oil importer have declined in recent weeks amid an increase in imports from the Middle East. India’s pu