Oil dropped from above $100 to around $95.70 on Tuesday after Israel’s Channel 12 reported a Pakistan-brokered US–Iran compromise, and gold bounced from $4,111 to about $4,143 as yields and the dollar eased. The deal is unconfirmed, though, and a diplomat in the talks says reports that it’s close are wrong.
Is a US–Iran Deal Close? Why Oil Fell and Gold Bounced on Tuesday Read More »
Gold is stuck below $4,200 because two forces are cancelling each other out. Fed Chair Kevin Warsh cooled bets on an October rate hike, which helps gold. But oil back above $110 is pushing the US 10-year yield to around 5.14%, and high yields make a metal that pays nothing harder to hold.
Why Is Gold Stuck Below $4,200 While Oil Tops $110? Read More »
Not yet. On October 4, Iran said the Strait of Hormuz stays closed until the US accepts its seven conditions based on the Islamabad memorandum, while Washington is still pushing nuclear terms first. With no deal, Brent stays near $102, US yields stay high, and gold stays stuck around $4,150–4,200.
Will the Strait of Hormuz Reopen? What Iran’s Stance Means for Oil and Gold Read More »
