US EditionTrump's Iran War Sparks Bond Market Revolt, Gold's Worst Week Since 1983 And More: This Week In Economy
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4 Articles
Trump's Iran War Sparks Bond Market Revolt, Gold's Worst Week Since 1983 And More: This Week In Economy
Weekend market turmoil saw Trump's Iran war influence interest rate bets, spark outrage over a White House adviser's remarks, and trigger gold's worst week since 1983.
Gold slumps to worst week in over forty years as Iran war dents rate cut bets
LONDON: Gold prices slipped on Friday, extending their losing streak to eight straight days and heading for their worst weekly performance in over four decades. Spot gold fell 3.4% to settle at $4,494.44/oz, while gold futures dipped 2.4% to settle at $4,496.16/oz. Typically acting as a safe haven during times of geopolitical crises, the yellow metal has failed to live up to that status during the ongoing situation in the Middle East. Instead, t…
Patatras among the ingot worshipers: in the midst of war, the gold reeled like an old curtain, while bitcoin sneezes gently, while the rates pull the strings behind the scenes again. The article L的or signs its worst week since 1983 on the background of war with Iran appeared first on Cointribune.
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