Gold rebounds as weak GDP offsets Hormuz risk

Spot gold and silver are higher late Thursday as weaker U.S. growth data and a softer dollar support precious metals. Inflation pressure tied to the Strait of Hormuz and U.S.-Iran headlines is also aiding prices, offsetting some of the drag from broader macro concerns. The move reflects a mixed but supportive backdrop for metals rather than a clear risk event.

Analysis

Spot gold and silver are higher late Thursday as weaker U.S. growth data and a softer dollar support precious metals. Inflation pressure tied to the Strait of Hormuz and U.S.-Iran headlines is also aiding prices, offsetting some of the drag from broader macro concerns. The move reflects a mixed but supportive backdrop for metals rather than a clear risk event.