Macro Briefing — Week of 27 April 2026 Gold, Oil, USD: Reading the Signal Through the Geopolitical Noise
Markets enter this week balanced between two forces that rarely sit comfortably together: an extended US-Iran ceasefire and a Strait of Hormuz that remains effectively closed in spite of it. The price action is pricing that contradiction. The FOMC decision on Wednesday will sharpen the picture either way. Where we are Gold is trading around…

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