Gold Steadies Near $4,119 as Brent Holds Around $107
Bullion is down nearly 7% this month. Trump rejected a seven-day Hormuz reopening.
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Bullion is down nearly 7% this month. Trump rejected a seven-day Hormuz reopening.
WTI settled at $94.99. It was Brent's first close under $100 since 8 September.
Spot gold bounced 0.8% to $4,328. WTI slipped near $105 after a U.S. inventory build.
WTI held above $102. Spot gold faded as the 10-year yield held at 5%.
WTI tagged $100. Spot gold faded as the 10-year yield reached 4.93%.
WTI hit $94.73. Spot gold slipped as the 10-year yield reached 4.80%.
WTI held above $90. Spot gold tagged a three-week low as hike odds climbed toward 70%.
Crude is pricing a choke point after U.S.-Iran strikes. Bullion steadied after a two-day 3.5% drop as hike odds stayed above 60%.
Bullion tagged Friday's support. Crude rose after a U.S. strike on Iranian launchers near the Strait of Hormuz.
Bullion sold off with silver as the dollar firmed. Support sits near $4,450, then $4,380.
Bullion faded from a three-month high as September hike odds hit 40%. Brent and WTI ended a two-week winning streak.
Spot gold trades above $3,480 an ounce as a weaker dollar and Treasury buybacks lift bullion.
Energy shocks and tariffs keep inflation elevated.