Geopolitical Analysis

Geopolitical Analysis

Caspian Strike Raises Russia-Ukraine Risk Premium for Gold

The reported destruction of a Russian Kalibr missile carrier in the Caspian Sea signals a widening operational reach in the Russia-Ukraine conflict and undermines the perception of Russian rear-area security. This is mildly to moderately risk-off for markets, supportive of safe-haven demand, but not

Geopolitical Analysis

Gold Recovers as US-Iran Deal Talk Hits Oil and Dollar

The headline points to a potential US-Iran draft deal, which is geopolitically de-escalatory and normally removes some Middle East risk premium from Gold. However, the reported weakness in the US Dollar is providing immediate support to XAUUSD, while softer oil reduces inflation-risk demand. Net eff