Gold Research
US Dollar: Energy shock may delay renewed downtrend – MUFG
MUFG’s Derek Halpenny notes that ongoing Middle East conflict, stronger United States (US) data and crude Oil risks are limiting US Dollar (USD) selling. Better manufacturing and retail figures have not shifted Fed expectations much, but a full hike remains priced by year-end.
MUFG’s Derek Halpenny notes that ongoing Middle East conflict, stronger United States (US) data and crude Oil risks are limiting US Dollar (USD) selling. Better manufacturing and retail figures have not shifted Fed expectations much, but a full hike remains priced by year-end.
Gold impact rationale
Rising geopolitical risk strengthens gold's defensive appeal.
- Source: FXStreet news
- 2026-07-17
- geopolitics
Topics: gold news, gold price impact, geopolitics