When the Strait Closes: Gold, Oil, and the New Architecture of Global Risk
The past week was characterized by a sharp escalation in geopolitical risk, notably the US-Israel strike campaign in Iran, which triggered a significant flight to safety across global markets. This geopolitical shock overshadowed mixed macroeconomic data, driving crude oil prices sharply higher and prompting a substantial rally in US Treasuries. Inflation concerns remain elevated, as evidenced by ...
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