Gold Jumps 2% as Trump Plans Iran War Address Tonight

Gold jumped 2% to start Q2 as Trump hinted at an Iran ceasefire and prepared a prime-time address. The IEA warned April’s oil crunch will be twice as bad as March’s. Plus: today’s ADP and ISM data signal a stagflationary squeeze the Fed can’t ignore.
Gold Bounces as Iran, the Fed, and the Dollar Collide

Gold and silver are bouncing back Monday, but the macro headwinds haven’t cleared. Iran’s yuan toll at Hormuz, Turkey’s $8B gold selloff, a hawkish Fed, and a jobs report on Friday — here’s what’s moving markets this week.
Gold Price Drops Below $3,350 on Strong U.S. Jobs Report

Gold price drops below $3,350 on Friday as new U.S. labor data revealed stronger-than-expected job growth in May. The Nonfarm Payrolls report showed 139,000 new jobs added, beating forecasts of 130,000. Although the unemployment rate held steady at 4.2%, the surprising job gains gave the U.S. Dollar a temporary lift. This eased pressure on the Federal Reserve to cut interest rates soon — typically a bullish factor for gold. However, earlier labor market data this week pointed to underlying weakness, leaving the broader policy outlook uncertain. Thursday’s phone call between Chinese and U.S. officials helped ease short-term fears of a […]
