Gold declines as Hormuz impasse keeps rate hike bets elevated
Why now
Thesis: Rate-hike expectations outweigh gold's haven bid
Catalyst to watch: Hormuz developments or rate repricing
Main risk: Escalation could reverse gold's drop
Why it matters
Hormuz impasse keeps rate-hike bets elevated, lifting real yields and pressuring non-yielding gold.
Sources
- googlenews · news.google.com · 2026-09-28 00:57 UTC