Gold price jumps 3% as oil slump eases inflation fears amid Trump Iran plan

Classic inverse correlation playing out here. Oil's pullback is giving the Fed breathing room on inflation, and bond markets are already pricing in fewer rate hikes. That's rocket fuel for gold. I've been watching the 10-year yield soften alongside this move. The Trump Iran angle adds geopolitical premium, but the real driver is monetary policy expectations shifting. COMEX inventory drawdowns continue while central banks keep buying. Physical demand from Asia hasn't slowed despite higher prices. This 3% jump feels like the market finally catching up to what stackers have known - real rates are heading lower regardless of Fed rhetoric. DXY weakness confirms it.