Gold Falls 0.5% on Iran Deal: The Floor Holds

Gold dropped half a percent on Iran peace optimism today. In any prior cycle that news would have sent it down three. That gap — between what should have happened and what did — is the story.
Dollar Weakens, Gold Falls — and That’s Actually Bullish

The US just froze Iraq’s own oil dollars. Iran seized ships in the Strait of Hormuz. Gold fell anyway. The reason is a specific chain reaction most coverage misses — and once you understand it, the price action looks very different.
