“The real concern here is the Strait of Hormuz,” Phil Streible says as he monitors escalations in the Iran/Israel conflict. The Strait carries a significant part of the world’s crude oil supply every day. He thinks gas prices could be “dramatically higher” by Monday. He thinks gold futures could be targeting $3,600 if geopolitical tensions continue. He also looks at the silver market and its relationship to gold right now.
Market On Close
13 Jun 2025
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