XAU/USD
Gold (XAU/USD)
4,399.50
-0.13% (-5.90)
Market read
A direct military incident between Iran and a U.S. asset near a key oil transit route raises the risk of further escalation. This adds to the geopolitical tension already supporting gold as a safe haven. Next up: MBA 30-Year Mortgage Rate.
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Iranian media reported that Iran's army air defense forces shot down a U.S. MQ-1 drone over the Strait of Hormuz, according to Xinhua.
A direct military incident between Iran and a U.S. asset near a key oil transit route raises the risk of further escalation. This adds to the geopolitical tension already supporting gold as a safe haven.
FirstSquawk·09/07, 01:44 AM
High impactIran's top security official said Tehran will declare a restricted zone just beyond the Strait of Hormuz in the coming days, according to state media.
Jin10·09/04, 07:30 PM
High impactFollowing the US nonfarm payrolls release, spot gold fell over $70 intraday to $4405/oz, and spot silver fell $1.5 to $65.7/oz.
Jin10·09/03, 10:04 PM
High impactSpot gold broke above $4,500 per ounce, up 2.57% on the day.
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