Post #16117

Gold Stabilizes as Weaker Dollar and Ceasefire Progress Offer Support Gold is holding 14% off all-time highs as markets weigh progress in U.S.–Iran talks. There’s growing momentum toward extending the ceasefire, but uncertainty still lingers — especially with continued military presence in the region. The move higher is being supported by a weaker dollar and a more cautious Fed tone. As rate expectations ease, that takes some pressure off gold and helps stabilize price. That said, the bigger picture hasn’t fully flipped. Gold is still down meaningfully from earlier in the conflict, as higher yields and tighter policy have capped upside in a non-yielding asset. For gold to really get back in play, you need a clean shift — lower yields, a more dovish central bank stance, and easing inflation pressures. Most of that likely comes with a full resolution to the conflict. - Alan