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Hormuz Blockade Sent Gold Down 2%. Here’s Why That’s Bullish

Hormuz Blockade Sent Gold Down 2%. Here's Why That's Bullish

The Hormuz blockade sent gold down 2% as oil surged past $100. But margin liquidation — not fundamentals — drove the drop. With CPI at 3.3%, central banks buying, and the petrodollar requiring a navy to defend, the structural case for gold just got stronger.

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