⛏ Gold’s Race Against the Dollar: Who Wins?

Gold drifts higher as Iran, U.S. agree to halt war
Gold ⁠prices rose for a third straight session on Monday to an over one-week peak after Iran ​and the U.S. said they ​have agreed terms ​to end their war, a move that eased expectations of higher interest rates. Spot gold was up 2.6% at $4,327.82 per ounce, after hitting its ⁠highest ‌since June 5 earlier in the session. U.S. gold ⁠futures settled 2.7% higher at $4,351.6. Read on »

UBS sees gold price falling, but still long-term bullish
In a note published last week, the Swiss bank said it sees prices dropping by another $300 to $900 per oz., citing what it calls a “double whammy” of stronger U.S. economic data and a delayed Federal Reserve easing. On Monday, gold rose by 3.3% to $4,339.50 per oz. following reports of a U.S.-Iran deal – as lower oil prices eased inflation and rate-hike fears – rebounding from a low of about $4,126 per oz. on June 10. Read on »

Gold’s Race Against the Dollar: Who Wins?
Gold. It began the year with galvanic headlines and endless coverage. Now, midway through that same year, having lost more than 25% from its January high of $5600, many are wondering if peak gold is behind us in the wake of just another broken asset bubble. Such concerns are understandable, even expected – especially during a shakeout. Read on »