SoraMacro Briefs

Iran War Spreads to Jordan as Oil Tops $100, Gold Bid Grows

The Iran conflict widened into new territory on July 24 as Jordan's military intercepted seven missiles and six drones launched by Iran, marking the first time the kingdom has been directly targeted since the war began in February. Jordanian air defense systems and air force jets…Read more →

Newmont Posts Record Free Cash Flow Despite Quarter's Gold Price Slide

Newmont, the world's largest gold producer, reported second-quarter 2026 results after Thursday's market close that beat Wall Street expectations even as bullion prices fell sharply during the period. The Denver-based miner posted net income of 2.2 billion dollars, or 2.06 dollar…Read more →

Iran Rejects Iraqi-Brokered US Ceasefire Offer, Dimming Gold's Hopes for Truce

Iran has rejected the latest US ceasefire proposal delivered through Iraqi mediation, according to Iranian and Iraqi officials cited by the New York Times, dealing a setback to diplomatic efforts just as the war between Iran, Israel and the United States entered its 13th consecut…Read more →

Fed Rate-Hike Odds Jump to 83% as Oil Chokepoints Widen, Gold Slumps

Gold slid toward $4,050 an ounce on Thursday as traders sharply repriced the odds of a Federal Reserve interest rate hike in September, a move that marks a distinct new leg in this week's selloff beyond the earlier Iran-funding and diplomacy headlines. According to the CME FedWat…Read more →

Gold Slides 1.9% as US House Approves $95 Billion Iran War Funding

Gold futures opened sharply lower on Thursday, July 23, dropping to $4,074.60 per troy ounce, down 1.9% from Wednesday's close above $4,100. The move marks a reversal from the diplomacy-driven rally seen earlier in the week and comes as fresh developments out of Washington and th…Read more →

Houthi Red Sea Blockade Opens Second Oil Chokepoint, Lifting Gold

A new maritime front has opened in the Middle East conflict that is distinct from the fighting between the United States, Israel and Iran, and it is now feeding directly into gold's rally. Yemen's Iran-aligned Houthi movement declared a naval blockade against Saudi Arabia on Mond…Read more →

Trump Vows Imminent Strike on Iran's Buried Nuclear Site as War Widens

President Donald Trump said Tuesday the United States will strike Iran's Pickaxe Mountain, a heavily fortified underground nuclear complex near the damaged Natanz enrichment site, "probably pretty soon" and "very heavily," raising the stakes in a war that has now stretched across…Read more →

Gold Jumps 1.5% as Iran Diplomacy Cools Oil, Dollar Slips

Gold staged a sharp intraday reversal on Tuesday, with XAU/USD climbing roughly 1.5% to near $4,067 during European trading as a rally in oil prices lost steam. The move came as investors grew more confident that negotiations between the United States and Iran toward a peace sett…Read more →

Houthi Embargo Threat on Saudi Arabia Reignites Gold's War Premium

Gold pushed back above $4,000 an ounce and firmed on Tuesday as a fresh escalation in the Middle East conflict overshadowed the hawkish Federal Reserve commentary that had been capping bullion's gains in recent sessions. Iran-backed Houthi militants announced a maritime embargo a…Read more →

Trump Nears Choice Between Iran Ceasefire and Full-Scale War

The United States is approaching a binary decision point in its conflict with Iran, according to Axios reporting published on July 21. Regional mediators including Qatar, Egypt and Pakistan have presented Washington and Tehran with a proposal for a new 10-day ceasefire aimed at r…Read more →

Gold ETF Flows Turn Flat as Hawkish Fed Talk Offsets War Risk

Gold ETF investors essentially canceled each other out last week, with new data from the World Gold Council showing inflows of 1.668 billion dollars matched almost exactly by 1.67 billion dollars in outflows, as 16 tonnes of fresh demand was offset by the unwinding of 16.2 tonnes…Read more →

Iran Ceasefire Collapses, Kuwait Oil Facility Hit as Gold Holds Near $4,000

Iran has said its ceasefire with the United States has effectively broken down, and military activity between the two sides intensified over the weekend in a conflict now entering its fifth month. Reported developments include a strike on a major oil facility in Kuwait and attack…Read more →