Gold Set for Biggest Weekly Fall in Six as Iran War Fans Inflation Worries
- President Donald Trump pledged to intensify bombardment in the Strait of Hormuz until Tehran stops attacking ships and agrees to open the waterway.
- An interim peace deal signed last month has all but collapsed, fueling concerns that energy prices and inflation will remain elevated in the Middle East.
- Gold fell as much as 0.9% to near $4,025 an ounce after the latest round of strikes on Iran, while Silver was down 1.4% at $57 an ounce.
- Policymakers have offered divergent views on guiding inflation toward the Fed's 2% goal, though Fed Chairman Kevin Warsh tempered hawkish comments with a willingness to be patient.
- Governor Lisa Cook said she was "prepared to act" if "we do not see signs of disinflation soon," signaling the Fed's readiness to respond to persistent inflation pressures.
19 Articles
19 Articles
Although the market has dissolved part of the high interest bets by the Federal Reserve (Fed) this week, future gold contracts ended the fall period, while the increase in tension between the United States and Iran revived inflationary fears among investors. The asset went up on Friday (17) and came to recover the psychologically relevant band of $4,000 per ounce-troy, after two consecutive sessions of devaluation. At Comex, the metal division o…
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Gold Heads for Biggest Weekly Decline in Six Weeks as Rising Oil Prices Boost Rate Hike Expectations
Gold prices were on course for their largest weekly decline in six weeks on Friday as escalating tensions between the United States and Iran pushed ... The post Gold Heads for Biggest Weekly Decline in Six Weeks as Rising Oil Prices Boost Rate Hike Expectations first appeared on [your]NEWS.
Gold heads for biggest weekly loss in six as Middle East war fans inflation worries
Gold was on track for its biggest weekly loss in six on Friday, as escalating U.S.-Iran clashes lifted oil prices, adding to inflationary pressures and strengthening the case for higher U.S. interest rates.
The Economic Times
Times of IndiaGold set for biggest weekly fall in six as Iran war fans inflation worries
Gold prices saw a rebound on Friday, yet are set for a significant weekly loss. Renewed clashes between the United States and Iran have lifted oil prices considerably. This escalation has stoked inflation concerns and strengthened expectations for higher interest rates. Fed officials are signaling openness to rate hikes amid persistent inflation. Economic data shows a slight increase in U.S. retail sales and falling unemployment claims.
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