Macro Finance
Gold Falls as Latest Hormuz Flareup Pushes Energy Prices Higher
Bloomberg Markets·October 6, 2026·1 min read
Gold prices fell as Iranian attacks on tankers in the Strait of Hormuz escalated, pushing oil and gas prices higher and reviving war-driven inflation concerns. The geopolitical tension weighed on gold, which typically acts as a safe haven, as energy costs surged.
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