Gold Hits 3-Month High as Oil Falls Ahead of Bessent’s Iran Sanctions Announcement

26.08.24

Gold hit a fresh three-month high and silver turned positive today, both ahead of Treasury Secretary Bessent’s 2 PM ET press conference unveiling new Iran sanctions. But oil is falling into the announcement, the opposite of what a “tougher sanctions” headline usually does to markets. Here’s the mechanism actually driving…Read More

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