$NVDAB
đȘ Gold vs. the Iran War: is it still a safe haven?
Spot gold closed Friday around $3,996, after slipping below $4,000 with a session low near $3,975. That's its worst week since June.
Here's the twist: even with more war headlines this weekend, gold hasn't caught a haven bid. In this conflict, gold reacts to oil and interest rates rather than fear. Higher oil means higher yields and a stronger dollar, which is bad for gold. The 10-year yield is near 5%.
đ Key levels
âą Resistance: $4,100, then the 20-day average near $4,150
âą Support: $3,890
đą If the deal or ceasefire holds
Oil and yields ease, which has historically lifted gold. When the April ceasefire was announced, gold jumped 2â3% in a day. A reclaim of $4,100 and a move toward $4,150 would be the first signal.
đŽ If war resumes
Oil spikes, yields rise and the dollar firms up. Gold could stay under pressure, with $3,890 as the first support to watch.
đ Next catalysts: Fed decision on Oct 28 and PCE inflation on Oct 29.
$XAUT
$OILT.ETF
đȘ Gold vs. the Iran War: is it still a safe haven?
Spot gold closed Friday around $3,996, after slipping below $4,000 with a session low near $3,975. That's its worst week since June.
Here's the twist: even with more war headlines this weekend, gold hasn't caught a haven bid. In this conflict, gold reacts to oil and interest rates rather than fear. Higher oil means higher yields and a stronger dollar, which is bad for gold. The 10-year yield is near 5%.
đ Key levels
âą Resistance: $4,100, then the 20-day average near $4,150
âą Support: $3,890
đą If the deal or ceasefire holds
Oil and yields ease, which has historically lifted gold. When the April ceasefire was announced, gold jumped 2â3% in a day. A reclaim of $4,100 and a move toward $4,150 would be the first signal.
đŽ If war resumes
Oil spikes, yields rise and the dollar firms up. Gold could stay under pressure, with $3,890 as the first support to watch.
đ Next catalysts: Fed decision on Oct 28 and PCE inflation on Oct 29.
$XAUT
$OILT.ETF
