Gold, Silver Week Ahead: Why a Hormuz Shock May Hurt Bullion Before It Helps
With bullion markets closed for the weekend, gold and silver are set to reopen in Asian trade on Monday into a fresh escalation around the Strait of Hormuz. But the first response may again be higher oil and rate expectations rather than a clean safe-haven bid: Iran said the waterway was closed, while U.S. Central Command said traffic was flowing after heavy strikes on Sunday.