Gold and Silver Prices Drop to Monthly Lows Amid Hormuz Tensions
On May 5, 2026, gold futures opened at $4,534 per troy ounce, marking a 2.4% decline from the previous day's opening price of $4,644 and the lowest open in over a month. Silver also fell by 4.3%, opening at $73.17 per ounce compared to Monday’s $76.45. The drop follows heightened tensions near the Strait of Hormuz after attacks on U.S.-guided ships.
Topics: geopolitical tensions gold oil prices silver