While there still remains a strong link between oil and gold prices, at this moment any market interpretation of high U.S. inventory levels is being overshadowed by the tense standoff with Iran.
More Quotes from Jon Nadler:
Unfortunately, the district doesn't share that interpretation. They're pushing ahead with a decision right now.Jon Nadler
The trigger fingers hovering over all of the instability-sensitive commodity 'buy' buttons (gold, oil, etc.) are as jittery as ever.
Jon Nadler
We stand by the assertion that a quarter percent better fed funds rate will NOT make the critical difference to medium-term andor long-term gold investors.
Jon Nadler
The dollar took enough of a hit to convince traders that gold was a safer place to park funds in for the next few sessions.
Jon Nadler
Gold closed out the week on a firmer yet inconclusive note as traders squared logbooks ahead of the weekend.
Jon Nadler
It will take either a sharp sequence of rate increases ... or a significant reversal of rate hikes ... to move the gold market in a meaningful way at this point.
Jon Nadler
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