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US-Iran Skirmishes Sustain Metals Selling Pressure

Ira Epstein discusses the recent geopolitical tensions between the U.S. and Iran, highlighting the ongoing hostilities in the Strait of Hormuz and the potential implications for global markets. He notes the retaliatory actions taken by both nations and the severe damage to U.S. air bases in Bahrain, with considerations of repositioning military assets to Israel. Epstein also touches on the stock market's resilience despite the turbulent geopolitical climate, suggesting that energy markets may be oversold and pointing out the significant downward correction in gold prices.

 

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