
Gold surges nearly $100 as Hormuz blockade strategy stokes hopes for faster resolution
(Kitco Commentary) - Gold futures delivered their strongest single-session performance of April on Tuesday, surging nearly $100 as markets reassessed the likely trajectory of the Iran-U.S. standoff in the Strait of Hormuz.
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‘Gold is a high-beta asset’ and its safe-haven status is now ‘compromised’ – Brookings’ Brooks(Kitco News) – Gold used to be a good hedge against market pullbacks, but that's no longer the case, and the yellow metal now qualifies as a high-beta asset – one that actually magnifies rather than mitigates market selloffs, according to Robin Brooks, Senior Fellow at the Brookings Institution and former Chief Economist at IIF and Chief FX Strategist at Goldman Sachs.In a new analysis, Brooks said something bad is happening with gold.










