
Gold held near $5,000 with modest gains as safe-haven demand grew on reports the US could attack Iran, while Fed minutes showed divided policymakers and a hawkish tilt. Ukraine-Russia talks in Geneva ended without a breakthrough.
Geopolitical risk supports safe-haven flows and crude prices, while hawkish Fed signals cap precious metal gains and support the dollar.
After 89 past bullish geopolitics events, DXY moved a median +0.5% over 5 sessions (74% higher; middle half -0.0% to +1.0%), and +0.3% over 20.
After 656 past bullish geopolitics events, BRENT moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.