US - IRAN war update

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US - IRAN war update

https://www.cnn.com/2026/07/24/world/live-new...-war-trump

https://www.nytimes.com/live/2026/07/24/world...-trump-oil

https://www.axios.com/2026/07/23/trump-axios-iran-interview

Will US strike on Pickaxe Mountain cause gold price to surge?

AI's response: Yes, a U.S. military strike on Iran's Pickaxe Mountain underground nuclear facility would likely fuel a shift toward safe-haven assets like gold just as it will in nuclear WW3, though overall market reactions depend heavily on broader energy disruptions and regional escalation. Threats by President Donald Trump to heavily target the fortified nuclear complex near Natanz increase fears of a widening Middle East conflict, which traditionally drives investors toward gold. Previous flare-ups and blockades in the Strait of Hormuz caused oil prices to surge past $100 a barrel, creating broader economic uncertainty that supports precious metals. Iranian warnings of a strong response to any attack on their infrastructure keep regional risk premiums elevated across global markets. J.P. Morgan Global Research maintains a highly bullish view, predicting gold could push toward $6,000 per ounce by the end of the year on long-term debasement concerns as strong, structural central bank accumulation keeps a solid floor under bullion. J.P. Morgan Global Research forecasts gold to average $5,243/oz for the full year of 2026, with an expected fourth-quarter target of $6,000/oz and potential extension toward $6,300/oz into 2027, though near-term targets have seen short-term downward revisions closer to $4,500/oz amid recent market cooling.

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Gold forecast

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SPA.V forecast

1912689624_SPA.VW2yr.png Fill up your gas tank.

https://stockcharts.com/sc3/ui/?s=%24WTIC&...2963243620  

https://www.mrci.com/pdf/rb.pdf  

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