Gold price jumps 3% as oil slump eases inflation fears amid Trump Iran plan - Yahoo Finance UK

Lower oil prices are giving the Fed cover to ease up on rate hikes, and gold is responding accordingly. When crude drops, inflation expectations cool, which reduces pressure for aggressive monetary tightening. The Trump Iran angle adds geopolitical premium on top. What matters for stackers is that real rates are turning more negative as nominal rates plateau while inflation stays sticky. COMEX registered gold is still sitting near multi-year lows under 400k ounces. Central banks added another 70 tons last month according to latest data. This 3% move is just catching up to fundamentals that have been building for months. Physical premiums remain elevated across all products.