Marc Chandler- Market Reaction to Middle East War, the Case for Gold, the Future of the Petro-Dollar

Geopolitical tensions in the Middle East are driving market volatility, but technical analysis suggests markets often anticipate major developments before headlines hit.

Central banks are accumulating gold as a strategic reserve asset, with potential significant market impact if the U.S. revalues its gold holdings under new Fed leadership.

The Federal Reserve remains trapped between slowing job markets and rising energy prices, with latest CPI data showing inflation jumping to 3.3%.