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Gold Targets $4,900 as PJM Grid Costs Hit $6B and US Corn Yields Drop
Description
Bullish options demand drives gold forecasts toward $4,900 per ounce while PJM power grid congestion costs surge 43% to $6 billion amid transmission overloads. Pro Farmer slashes U.S. corn yield projections below USDA benchmarks, European solar output offsets thermal cooling curtailments at Hungary’s Paks nuclear plant, and Asian markets face tightening refined fuel bottlenecks despite selective Iraqi tanker clearances through the Strait of Hormuz.
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