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06.04.26 - 05:00
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Gold may reverse course once Iran war ends, Fed adopts policy easing (SCMP)
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Gold is likely to stabilise and resume its record-setting uptrend once Middle East tensions recede and new leadership at the US Federal Reserve adopts a policy of monetary easing, according to global financial institutions.
The yellow metal would quickly rebound above US$5,000 an ounce as long as crude oil slipped back to between US$80 and US$85 a barrel, according to a report by William Blair, the US investment banking and wealth-management company.
Lombard Odier, the Swiss private banking and......
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06.04.26 - 01:03
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Oil Up, Stocks Down As War Rhetoric Rises, Deadlines Loom (ZeroHedge)
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Oil Up, Stocks Down As War Rhetoric Rises, Deadlines Loom
After a long weekend of kinetic and verbal escalation (and a strong payrolls print), and with President Trump reminded Iran that his deadline for a deal looms, it is no surprise that oil prices are higher in early trading...
WTI topped $115...
Near post-war highs...
And despite the recent hope-filled decoupling of oil and stocks...
...S&P futures also weak, down around 0.7% in the early trading...
Treasury futures and gold are lower with USD/JPY near 159.70.
While the Iran conflict has established an ongoing state of caution in the market, several significant data points yet lie ahead: PCE on April 9, CPI on April 10, and FOMC on April 29.
As SpotGamma notes, the SPX Term Structure has returned to contango — which means options are pricing in higher volatility in the weeks ahead than in the near term.
Comparing that curve with Forward IV shows a meaningful spread around both the CPI and FOMC dates, suggesting current positioning may ...
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05.04.26 - 23:24
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OPEC+ Agrees To Boost Output By Another 206,000 Barrels A Day When Strait Of Hormuz Reopens (ZeroHedge)
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OPEC+ Agrees To Boost Output By Another 206,000 Barrels A Day When Strait Of Hormuz Reopens
With the world's attention glued to every headline out of Iran, it is understandable why today's OPEC+ meeting was largely ignored, although with roughly 12% of global oil output throttled at the Strait of Hormuz, it's not as if even OPEC+ could do much to offset the supply shock.
Earlier on Sunday, the oil-producing cartel (where Iran is a founding member yet was missing from the Joint Ministerial Monitoring Committee) warned that damage to Middle East energy assets will have a prolonged impact on oil supply even after the Iran war ends, as it approved a symbolic increase in output quotas for next month.
“Restoring damaged energy assets to full capacity is both costly and takes a long time,” the group's ministerial monitoring committee said in a statement after meeting on Sunday. Any action that jeopardizes security of supply, whether that's an attack on energy infrastructure or disruption o...
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05.04.26 - 21:57
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Experten skeptisch: Opec+ beschließt höhere Förderquoten (N-TV)
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Der Iran-Krieg treibt die Preise für Rohöl auf den höchsten Stand seit Jahren. Die Organisation erdölexportierender Länder will die Barrel-Menge hochschrauben. Doch so lange die Straße von Hormus geschlossen ist, könnte dies eher ein Tropfen auf dem heißen Stein sein. ...
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