ANTO.L<\/a>), the copper and gold mining company, has seen shares dive 24% since the outbreak of conflict. The sharp sell-off in equities has led to a scramble to cover positions. Also, there\u2019s been a sell-off in government bonds, in particular Treasuries, sparking a rise in yields.<\/p>\n\u201cThis makes gold less attractive than such assets given that gold pays no interest, while the strengthening of the dollar also makes gold more expensive for buyers in other currencies.\u201d<\/p>\n
Meanwhile, bets are shifting on central bank positions.<\/p>\n
\u201cInvestors are now anticipating rate hikes this year to curb inflation, rather than rate cuts as priced in this time last month,\u201d David Morrison, senior market analyst\u00a0at fintech\u00a0and\u00a0financial services provider\u00a0Trade\u00a0Nation, said.<\/p>\n
\u201cThis is supporting the dollar for now, and gold is finding it difficult to make upside progress as inflation fears accelerate.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Gold prices gained by afternoon trade on Friday, with investors\u2019 flavour for haven assets returning amid continued conflict…\n","protected":false},"author":2,"featured_media":38999,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[3],"tags":[38,2272,16958,16959,2339,34,16957,8316,16956,16960],"class_list":["post-38998","post","type-post","status-publish","format-standard","has-post-thumbnail","category-iran","tag-donald-trump","tag-ftse-100","tag-gold-and-silver","tag-gold-mining-company","tag-gold-prices","tag-iran","tag-mining-stocks","tag-precious-metals","tag-spot-gold","tag-susannah-streeter"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@iran\/116302157148413280","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/38998","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=38998"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/38998\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/38999"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=38998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=38998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=38998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}