#WillUS-IranTensionsBoostSafe-HavenDemand?
🇺🇸 US and Iran tensions are still high.
More fighting → 🥇 Gold may go UP.
Peace agreement → 🥇 Gold may go DOWN.
War fears → 🛢️ Oil may go UP.
Strong Dollar → Gold may go DOWN.
Bottom line: More war tension is generally good for gold, but a strong US Dollar can limit its rise.
$XAU
🇺🇸 US and Iran tensions are still high.
More fighting → 🥇 Gold may go UP.
Peace agreement → 🥇 Gold may go DOWN.
War fears → 🛢️ Oil may go UP.
Strong Dollar → Gold may go DOWN.
Bottom line: More war tension is generally good for gold, but a strong US Dollar can limit its rise.
$XAU