Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Since the outbreak of war in Iran, the U.S. dollar and the price of gold have moved in opposite directions.
Gold briefly surged after U.S. and Israeli strikes on Iran but quickly reversed as a stronger U.S. dollar and rising Treasury yields limited safe-haven demand, leaving prices consolidating while the broader bullish trend remains intact.
Gold edged higher in early Asian trade amid the ongoing Middle East conflict.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Gold prices are up a bit in early U.S. trading Thursday, as the market pauses while traders weigh the bullish aspect of major geopolitical uncertainty against the bearish elements of a strong U.S. dollar, rising bond yields and increased worries about inflation preventing near-term interest rate cuts.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
The price of gold has not rallied, despite the ongoing conflict in the Middle East. Geopolitical turmoil can create favorable conditions for the metal to rise, but resurgent inflation fears have spooked investors