Good Reads
Gold price rises to 1-month high on Middle East war
Spot gold rose as much as 2.9% to more than $5,400 an ounce — its highest since the late January selloff — before paring some gains as the US markets opened. Meanwhile, prices of other precious metals all fell, with silver down almost 5% to below $90 an ounce. Read on »
What to know about the Strait of Hormuz, a key passageway essential for global energy supply
The Strait of Hormuz is the narrow mouth of the Persian Gulf through which about a fifth of the world’s oil passes. Tankers traveling through the strait, which is bordered in the north by Iran, carry oil and gas from Saudi Arabia, Kuwait, Iraq, Qatar, Bahrain, the UAE and Iran. Most of that oil goes to Asia. Any disruption to traffic through the Strait of Hormuz is highly disruptive to the oil trade. Read on »
Gold Price Bubble Myth And Market Reality
When you see 95,893 contracts, which represents 9,589,300 ounces of "gold", that sure seems like a lot! But is it a lot in context and from a historical perspective? Is it a "bubble" or is it something else? Read on »
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