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Scottsdale Mint — U.S. and Israel Pursue “Major Combat Operations” in Iran Zerohedge — UBS Has a 3 Pillared Thesis on Gold Miners Yahoo — Iran Oil: Goldman Looks at Hormuz Strait Risks X.com — "Whatever It Takes": Trump Outlines Four-Point Military Mandate Against Iran
Featured Analysis:
Iran Oil: Goldman Looks at Hormuz Strait Risks
Goldman estimates crude is already pricing an $18 per barrel geopolitical risk premium, roughly equivalent to a one-month full shutdown of the Strait of Hormuz with partial offsets. About one-fifth of global oil and nearly 19 percent of LNG transit the Strait.
Dubai Bullion Flows Disrupted
Gold shipments through Dubai are being severely curtailed after airlines suspended regional routes amid Iran-related strikes. While the disruption may prove temporary, Dubai is a critical conduit to Switzerland, India, and Hong Kong. Traders expect safe-haven demand to dominate early price action, with futures and OTC markets leading.
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Data on Deck: Jobs
MONDAY, MARCH 29:45 amS&P final U.S. manufacturing PMIFeb.51.210:00 amISM manufacturingFeb.52.6%TBAAuto salesFeb.14.8 million
TUESDAY, MARCH 39:55 amNew York Fed President John Williams remarks11:55 amMinneapolis Fed President Neel Kashkari interview
WEDNESDAY, MARCH 48:15 amADP employmentFeb.22,0009:45 amS&P final U.S. services PMIFeb.52.310:00 amISM servicesFeb.53.8%2:00 pmFed Beige Book
THURSDAY, MARCH 58:30 amInitial jobless claimsFeb. 288:30 amU.S. productivityQ44.9%8:30 amImport price indexFeb.0.1%8:30 amImport price index minus fuelFeb.NA
FRIDAY, MARCH 68:30 amU.S. employment reportFeb.130,0008:30 amU.S. unemployment rateFeb.4.4%8:30 amU.S. hourly wagesFeb.0.4%8:30 amHourly wages year over year3.7%1:30 pmCleveland Fed President Beth Hammack speaks 1
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