Gold clears $4,300 as Hormuz deal cuts oil, yield pressure

Spot gold and silver moved higher after a tentative U.S.-Iran agreement to reopen the Strait of Hormuz drove crude oil prices sharply lower, easing inflation fears and pulling Treasury yields down. The move is supportive for precious metals in the near term, while also signaling a broader risk-on shift driven by reduced geopolitical stress in a key energy chokepoint.

Analysis

Spot gold and silver moved higher after a tentative U.S.-Iran agreement to reopen the Strait of Hormuz drove crude oil prices sharply lower, easing inflation fears and pulling Treasury yields down. The move is supportive for precious metals in the near term, while also signaling a broader risk-on shift driven by reduced geopolitical stress in a key energy chokepoint.