Oil dips but holds above $100 as Houthi-Saudi and Iran tanker attacks persist
Published 1 d ago8 sourcesEvidence: Reported
Gold has dropped below $4,000 per ounce, a three-month low, despite escalating Middle East tensions and Brent crude exceeding $114 per barrel. This deviation from the traditional safe-haven pattern raises questions about gold's crisis-hedge status, possibly due to shifting investor preferences or liquidity demands. The development signals a potential repricing of risk assets and a breakdown in typical correlation dynamics.
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