Gold tumbles below key technical support as yields, dollar climb
Gold fell below $4,356 support after a hotter PPI reading pushed yields and the dollar higher.
Gold fell below $4,356 support after a hotter PPI reading pushed yields and the dollar higher.
WTI crude rose above $100 for the first time since May, while Brent traded near $105, as investors priced in a protracted US-Iran conflict.
Rising oil prices due to the Iran conflict are driving long-term bond yields higher, overshadowing other influences.
Top Trump aides have privately warned the Iran war may continue past the president's term, contradicting his public timeline, per WSJ.
Brent crude returned above $100 as President Trump acknowledged oil price relief may take longer, while US stocks and bonds fell on inflation concerns.
Gold oscillates between support at the 100-day moving average and resistance at converged hourly averages, awaiting a catalyst to break the range.
Crude oil futures rose sharply as Middle East tensions escalated, with Brent above $100 and WTI approaching early-June highs.
Brent crude has breached $100, and WTI has cleared key resistance, highlighting inflationary risks and political challenges.
Peter Schiff touts nickels over Treasuries based on melt value, but melting is illegal and storage is impractical.
Gold under pressure from US-Iran tensions and Fed rate hike expectations; key US CPI report on Friday.
Gold recovered above $4,400 on a 1% gain, but technical resistance and bond yield headwinds limit upside.
Oil prices near $100 as US-Iran tensions persist, with the bigger risk seen if prices stay above that level.
Iran's Revolutionary Guard claimed ballistic missile strikes on two US destroyers and attacks on 18 commercial and oil vessels in the Strait of Hormuz, withβ¦
Brent crude's stronger reaction to Iran's missile strikes on US bases illustrates why it differs from WTI for geopolitical risk.
Iran launched over 30 ballistic missiles at US bases in Jordan after US forces struck Iranian tankers, escalating the Gulf conflict.