Hormuz Tensions Pressure Gold Prices as $4,000 Support Level Tested

Gold prices faced pressure this week due to escalating US-Iran tensions around the Strait of Hormuz and rising inflation expectations. Crude oil approached $90 per barrel amid geopolitical risks, while a hawkish Federal Reserve outlook further weighed on gold.

By Matthew Bolden Fri, July 17, 2026 at 10:50 PM GMT+3 4 min read · Yahoo Finance · July 17, 2026, 19:50 UTC

Hormuz Tensions Pressure Gold Prices as $4,000 Support Level Tested

Topics: commodities Fed policy outlook geopolitical risk inflation expectations

Read the full article at Yahoo Finance

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