- The US is publicly pressuring Iran regarding its nuclear program, seeking a deal that requires Iran to turn over enriched uranium.
- Policies related to the Iran war, announced on May 29th, have led to consequences including spiking petrol prices and increased shipping costs, impacting the US market.
- Market volatility driven by geopolitical tensions, including attacks on Iran, has caused oil and gold prices to react, prompting the FED to consider its stance on inflation and interest rates.
- Stronger labor data strengthened the US dollar while Hormuz disruptions and higher rates impacted gold and energy markets.
Surprise surge in US nonfarm payrolls was reported on September 4, leading to a decline in gold prices.
1 report, 1 independent
Updated Sep 4
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What happened
Surprise surge in US nonfarm payrolls was reported on September 4, leading to a decline in gold prices.