Market Preview: Gold at $4,400 as Fed Weighs Rate Hike
Gold is back above $4,400 an ounce while the Federal Reserve debates a rate hike — a combination that normally works against a metal paying no yield. Today's preview covers the softer dollar, the closed Strait of Hormuz, and why Wednesday's Fed minutes are the event that matters.
Gold Nears $4,400, Silver Tops $64 as Iran Rules Out Talks
Iran ruled out direct talks with Washington and warned the Strait of Hormuz stays closed without U.S. concessions, sending crude higher for a third straight session and pushing gold toward $4,400 and silver past $64. Today's preview covers the metals move, Friday's record close, and what Wednesday's inflation print could change.
Gold Hits 6-Week High as SpaceX Sinks 13.6% | Market Preview
Gold jumped about 3% to a six-week high near $4,260 as a Strait of Hormuz corridor agreement pulled crude down 10–12% in five sessions and the Dow closed at a record 54,349. But the Nasdaq slipped, AMD fell 7% on record revenue, and SpaceX sank 13.6% one day before up to 911 million insider shares become sellable.