Barrick Mining: Flashbacks From 2022, Setup Too Good To Ignore

2026-03-09 07:58:52 ET

The joint military operation by the U.S. and Israel in Iran is likely to continue for longer after Ali Khamenei's son was named the new supreme leader of the country. It implies that Iran's hawkish political course will remain the same and that this country is unlikely to seek ways to settle the conflict. Since gold prices usually soar due to increasing geopolitical instability, I think that a continued military operation involving such large countries like the U.S. and Iran will spark a new rally for gold prices. Besides geopolitical instability, the current situation heavily reminds me of the 2022 setup with soaring energy prices. A longer-than-expected military operation in the Middle East will inevitably increase inflationary pressure as exports energy of several oil-rich countries heavily depend on geopolitical stability in the region, which is being disrupted at the moment....

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