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Gold Steadies Near $5,000 as Iran Risks, Fed Outlook in Focus

Bloomberg Markets
Thursday, February 19, 2026 at 11:26 PM
~4 min read
Monetary PolicyTrade

Original Report

Gold steadied near $5,000 an ounce, after two days of gains, as traders weighed rising geopolitical risks in the Middle East.

Glass House Analysis

International economic policy has concrete impacts far beyond diplomatic circles. Tariffs show up in the price of goods at stores, supply chain disruptions affect whether products are on shelves, and trade tensions can mean job losses in export-dependent industries. The globalized economy means that decisions made abroad can affect workers and consumers domestically.

The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.

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