#fx
XAU/USD - Macro
Oil eases on Hormuz hopes while yields hold near multi-year highs
Crude slides for a second session on reports of a phased US-Iran deal to reopen Hormuz, the 30-year Treasury yield sits at its highest since 2004, and a hawkish chorus of Fed and European central bankers keeps the dollar bid. Gold is stuck in the middle.
FullPort FamilyOpen analysis →XAU - Outlook
Gold in a market that fears the dollar
The US Treasury’s push to cap long-dated yields – a JPY intervention, a hint of a new Operation Twist and TGA-funded bond buying – has flooded the market with dollar-debasement fears. We look at why gold is the cleanest beneficiary and what could keep the bid going.
Leveraged BrothersOpen analysis →