Gold and Oil Slide on Hawkish Fed and Iran Deal Hopes

Gold and oil have both traded lower over the past few sessions. Gold is weakening due to the Federal Reserve's hawkish monetary policy stance, while oil prices are declining as markets price in the possibility of a US-Iran peace deal that could increase supply.

However, the source post notes that investor behavior appears fully illogical, implying that the moves may be overdone or driven by sentiment rather than fundamentals. The author teases further explanation in a longer article.