Gold (XAU/USD) & Silver Price Forecast: Iran Risks Support Metals as PPI and CPI Loom
FX Empire·2026-09-08 15:18
We have geopolitics again forming a backdrop. Iran said it would continue to respond to the U.S. and continued to support the threat of closing the Strait of Hormuz. This is adding the traditional safe haven of gold, but it is creating an unusual situation in that reduced regional supplies are also creating an inflationary situation in rising energy and diesel costs. The higher energy costs are creating longer lasting global interest rates.Tuesday saw the dollar weakening, creating a better overall monetary ...