Gold’s Biggest Headwind Just Reversed Course: Is the Price Tide Changing?
For this entire year thus far, precious metals have taken a beating largely due to one force: the war with Iran and the attendant oil-fueled inflation. As this week started, there were signs that this tide is reversing its course. Should gold investors start getting their chopsticks ready? Let’s back up for a bit and set the context because context is everything. Under normal circumstances, gold thrives during geopolitical turmoil as investors seek safe havens for their portfolios. However, the U.S. war with Iran introduced a curveball in the name of skyrocketing crude oil prices due to disruptions to shipping…