Gold is on fire, skyrocketing to 4220, and silver has hit 67. The risk-off sentiment is no joke.
There's some action in Iran — sanctions have been lifted, blockades are down, and some frozen assets have been released. The foreign minister said the reconstruction plan is already underway. Everyone's betting on the Strait of Hormuz reopening smoothly; if risk assets throw a curveball, we might be in for a hammering.
The US-Iran talks are a bit rocky, but Qatar and Pakistan are pushing to finalize the agreement within 60 days. There's still some uncertainty, so it wouldn't be surprising if gold keeps climbing.
Over in Hong Kong, the gold clearing system is nearly finalized, starting with London standards. Singapore is set to roll out by the end of the year; these two spots are really vying to be the Asian gold hub.
#BTC #GOLD #SILVER #Trading #Crypto
NFA DYOR
There's some action in Iran — sanctions have been lifted, blockades are down, and some frozen assets have been released. The foreign minister said the reconstruction plan is already underway. Everyone's betting on the Strait of Hormuz reopening smoothly; if risk assets throw a curveball, we might be in for a hammering.
The US-Iran talks are a bit rocky, but Qatar and Pakistan are pushing to finalize the agreement within 60 days. There's still some uncertainty, so it wouldn't be surprising if gold keeps climbing.
Over in Hong Kong, the gold clearing system is nearly finalized, starting with London standards. Singapore is set to roll out by the end of the year; these two spots are really vying to be the Asian gold hub.
#BTC #GOLD #SILVER #Trading #Crypto
NFA DYOR