commodities
Gold heads for its biggest yearly drop in 11 years as the Iran war lifts yields and the dollar - investingLive
From the original
Gold heads for its biggest yearly drop in 11 years as the Iran war lifts yields and the dollar investingLive
Related speeches
4 itemsGold slips as Trump’s Iran warning lifts US Dollar - TMGM
ING THINK
Why gold isn’t acting like a safe haven right now
The desk interprets the recent decline in gold prices, which have fallen approximately 12% since the onset of the Iran conflict, as a reflection of broader macroeconomic dynamics rather than a failure of gold's traditional role as a safe haven. Per the full note [source], the sell-off indicates that investors are responding to the economic implications of geopolitical tensions rather than fleeing to gold as a hedge. Despite this downturn, the desk remains bullish on gold, forecasting a price target of $5,000 per ounce by year-end, driven by anticipated inflationary pressures and ongoing geopolitical uncertainties.
BofA sees gold struggling to hold $4,000 as Iran war oil shock keeps Fed hawkish - investingLive
More like this
5 itemsGoldman Sachs Cuts Gold Price Forecasts as Hawkish Federal Reserve Weighs on Demand - Yahoo Finance
Goldman Sachs Lowers Gold Price Forecast to $4,150 by 2026 Amid Concerns Over Fed Rate Hikes - KuCoin
Goldman Sachs Lowers Gold Price Forecasts Amid Federal Reserve’s Hawkish Stance - صحيفة مال
Goldman Sachs lowered its gold price forecast as Fed turns hawkish - Quartz