Gold Rises Amid Signs of Easing Middle East Tensions
Gold pulled back as Middle East tensions cooled, which is textbook market behavior. Risk-off premiums evaporate quickly when headlines shift. But here's what matters for stackers: the underlying monetary fundamentals haven't changed. Central banks are still buying at record pace. The Fed's balance sheet remains bloated. Real rates stay negative when you factor in actual inflation. These geopolitical spikes create noise, but the signal is clear. Physical demand from Asia continues strong while COMEX registered inventory sits near multi-year lows. Use any weakness from fading war premiums as accumulation opportunities. The structural case for gold doesn't hinge on conflict zones.