Adding to yesterday’s slump, gold prices have moved lower on Tuesday following the extended delay in the reopening of the Strait of Hormuz. In addition, Saudi Arabia’s closure of its vital transport pipeline stoked inflationary concerns, and thereby increased the bets for a rate hike in the U.S.
Front Month Comex Gold for October delivery has edged lower by $16.70 (or 0.39%) to $4,301.30 per troy ounce.
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Market Analysis
Gold Slides As Fed Rate Hike Bets Increase Amid Expanding Gulf Oil Crisis
2026-09-15 17:37:44
