Gold prices held steady on Monday as investors monitored trade negotiations between the United States and China and escalating tensions involving Iran, with the metal caught between safe-haven demand and a firmer dollar.
Gold prices held steady on Monday as investors monitored trade negotiations between the United States and China and escalating tensions involving Iran, with the metal caught between safe-haven demand and a firmer dollar.
Flat? Adjusted for inflation, gold’s 1980 spike of $850 is worth north of $3,400 today. So every breathless “record high” headline is nonsense — the metal is still clawing back ground it lost four decades ago. Traders pretend Iran and China are the story. They’re the excuse. The dollar and real yields do the driving.