The dollar strengthened by 0.30% today following President Trump’s announcement of a comprehensive trade deal with the UK, which eased global trade tensions. Supporting this rise were better-than-expected US jobless claims data and increased Q1 unit labor costs. Meanwhile, gold prices fell 0.84% to $3,366.13 per ounce due to reduced safe-haven demand and the stronger dollar. Silver prices, however, increased slightly by 0.21% after strong German industrial production data boosted industrial metals demand. Both precious metals found some support from ongoing geopolitical tensions in South Asia and the Middle East, as well as the Bank of England’s interest rate cut.

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Oil Crashed 11%. Gold Went Up. That Tells You Everything.
Oil crashed 11% on Friday when Iran reopened the Strait of Hormuz. Gold went up. That rare divergence — oil down, gold up, same catalyst — signals that gold’s rally is driven by monetary forces, not geopolitical ones. The war premium left oil. The monetary premium stayed in gold. Here is what that means for precious metals investors watching the Fed’s next move.




