A Hawkish Fed Meets a Widening War — Gold Erases Warsh’s Jackson Hole Selloff in a Single Weekend
GOLD · ~$4,350–4,600/oz “A Hawkish Fed and a Reawakened War Are Pulling in Opposite Directions” WHAT HAPPENED. Gold is holding a roughly $200 range built over the past five sessions, trading near $4,500 as of Monday, August 31. Having touched a three-month high near $4,700 in the week of August 24, the metal tumbled toward $4,515 on Friday, August […]
Ceasefire Expires, Copper Hits Records, and the Fed Goes Quiet Before Jackson Hole
GOLD · ~$4,370–4,440/oz “A Second Straight Weekly Gain, Just as the Iran Ceasefire Hits Its Deadline” WHAT HAPPENED. Gold opened the week firmly, extending the rally built since early August with a 2.4% weekly gain at Monday’s open and trading as high as $4,420–4,440 in early Asian hours before easing slightly. The metal is now up more than […]
A Payrolls Shock Overrides the Hawks — Metals Surge Together as Hormuz Talks Stay Stuck
GOLD · ~$4,300–4,365/oz “A Payrolls Contraction Undoes the Fed’s Hawkish Dissent in a Single Session” WHAT HAPPENED. Gold has rallied sharply off its early-August base near $4,050, hitting a seven-week high above $4,360 and posting its best weekly gain since January. The move was triggered almost entirely by Friday, August 7’s July jobs report, which arrived far […]
A Divided Fed, a Still-Boiling Middle East — Metals Digest the Most Contested Hold in a Decade
GOLD · ~$4,000–4,160/oz “The Fed’s Most Divided Vote in a Decade Leaves Gold Without a Clear Signal” WHAT HAPPENED. Gold has settled into a calmer $4,040–4,090 band after a genuinely volatile end to July. The metal round-tripped between roughly $4,000 and $4,160 in the days around the July 28–29 FOMC meeting, before easing back to around $4,043–4,067 […]
Oil Spikes Past $100, Then Truce — Metals Round-Trip Into the Most Unpredictable FOMC in Years
GOLD · ~$4,000–4,160/oz “A Full Round Trip on War, Truce, and the Fed’s Silence” WHAT HAPPENED. Gold has been through a genuine mood swing over the past week and a half a spike above $4,160, a slide near $4,000, and a scramble back above $4,100, all inside roughly ten trading sessions. By Monday, July 27, spot gold […]
Hormuz War Resumes as Cooling CPI Fights the Oil Shock — Metals Caught Between Two Fires
GOLD · ~$3,995–4,090/oz “Caught Between a Reopened War and a Cooling CPI Print” WHAT HAPPENED. Gold has traded in a volatile $3,995–4,090 band over the past week, unable to sustain either leg of two directly opposing narratives. The metal briefly reclaimed $4,000 and popped over 1% on Tuesday, July 14, after a softer-than-expected June CPI print, only […]
Payrolls Miss Flips the Script — Warsh’s Hawkish Pivot Meets Its First Real Test
GOLD · ~$4,100–4,190/oz — A Payroll Miss Undoes Warsh’s Hawkish Debut WHAT HAPPENED. Gold has staged a sharp V-shaped reversal, rallying nearly 4% off an eight-month low near $4,000–4,018 hit on June 30–July 1, to reclaim the $4,170–4,190 zone by July 3. The move was triggered almost entirely by Friday’s June jobs report, which landed far below expectations and […]
Iran Deal Hopes Fade, Treasury Yields Spike — Metals Retreat from May Highs
MACRO SNAPSHOT. GOLD (SPOT) ~$4,500–4,540/oz Iran deal hopes fade. SILVER (SPOT) ~$73–75/oz Sold off from $87 peak. COPPER (COMEX) ~$6.10–6.23/lb China demand concern. PLATINUM ~$1,970–1,985/oz Fourth year deficit. US 10Y YIELD ~4.59–4.65% Highest since Feb 2025. OIL (BRENT) ~$99–109/bbl Hormuz partial blockade