Dan Deming of KKM Financial analyzes the start-of-week price action in the metals complex as Gold futures test the 4,000 level, marking a nine-month low. He discusses how geopolitical tensions in the Middle East have driven crude oil prices higher, subsequently elevating inflation expectations, Treasury yields, and the U.S. dollar. These factors act as significant headwinds for gold, pushing prices down roughly 2.5 percent on the day. Additionally, Deming covers the broader sector weakness, noting that Silver futures, copper, platinum, and palladium are all experiencing notable selling pressure.
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