🚨 Gold Alert: New geopolitical risks have emerged. Iran-backed Houthi rebels have attacked an airport in southern Saudi Arabia, while fears of U.S. energy supply disruptions have arisen due to a potential hurricane in the Gulf of Mexico. Brent crude has climbed back near $101.5.
The impact on gold could go either way: geopolitical escalation might boost safe-haven demand, but sustained oil prices above $100 could heighten inflation fears and push Treasury yields higher, creating pressure on gold.
Key factors to watch now: Oil prices, 10-year Treasury yields, and today's FOMC minutes.
#Gold #XAUUSD #Geopolitics #Oil #FOMC
The impact on gold could go either way: geopolitical escalation might boost safe-haven demand, but sustained oil prices above $100 could heighten inflation fears and push Treasury yields higher, creating pressure on gold.
Key factors to watch now: Oil prices, 10-year Treasury yields, and today's FOMC minutes.
#Gold #XAUUSD #Geopolitics #Oil #FOMC