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"One Step Forward, Two Steps Back": Frustration Mounts in Oil & Gold Volatility

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Uncertainty builds surrounding the future of the U.S.-Iran War and crude oil prices, says Phil Streible. Until there's clarity on a timeline to the end of the conflict, he says crude oil will dominate the commodity trade, fuel price spikes at the gas pump, and limit upside in equities. Phil explains how crude oil volatility expands into the Fed's interest rate cutting cycle, or lack thereof if the conflict continues. He later turns to the gold trade as prices for the yellow metal plunge ahead of Thursday's session.


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