Gold Outlook Report 2023

Defiant Iranian FM Says Regime Change Will Be 'Mission Impossible' There have been more US and Israeli strikes on Tehran into the afternoon and evening hours local time, suggesting that the aerial operation will be sustained, at least for the time being. There have been rumors flying all day that Ayatollah Ali Khamenei has been killed, which Iranian officials have firmly denied. Many analysts believe that full regime change in Iran cannot happen unless there are US forces on the ground, and this prospect would be immensely unpopular among the American...

Iraq Revives Syria Land Route, Post-Assad, To Export Oil To Europe Via Middle East Eye Iraq has restarted overland oil exports through Syria, marking a significant shift in regional energy logistics as the US-Israeli war on Iran continues to wreak havoc on traditional shipping routes through the Strait of Hormuz. Ali Nazar, director general of Iraq’s state oil marketer Somo, said on Wednesday that the company had agreed to export 50,000 barrels per day of Basra medium crude via Syria to the Mediterranean, with plans to increase volumes. The crude will reach European markets through the Syrian port of...

Fed Remains On Hold (As Expected) Amid 'Uncertain Implications' Of War With Iran Tl;dr: Rates on hold as expected with a hawkish tilt to 'uncertainty' around the Iran war clouding the outlook. The Dot-Plot showed no real change (7 on hold, 12 at least 1 cut in 2026) but inflation expectations surged in the SEP. *  *  * A lot - and we mean a lot - has happened since the last FOMC meeting (Jan 28th). Oil is up 54% since the last FOMC meeting, bitcoin has tumbled. Gold and stocks are also...