Gold Rebounds as Fed Rate Hike Fears Ease and US-Iran Strait of Hormuz Standoff Escalates
Gold edged higher Friday, partially recovering from Thursday’s sell-off on softer US economic data
Key points
- Gold edged higher Friday as soft US data dampened near-term Fed rate hike probability
- US-Iran Strait of Hormuz standoff added oil disruption risk and stagflation premium supporting gold
- Watch: next CPI/PCE data, Iran escalation developments, and CFTC futures positioning for gold directional signal
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🇺🇸 United States Commodities Commodity gold commodities geopolitics macro