Iran Struck the Mediator’s Tanker. Gold Fell. The Funeral Ends Thursday.

Gold fell 1.1% on a Hormuz missile strike — not because markets ignored the news, but because tanker attacks in 2026 drive energy inflation, not safe-haven flows. The mechanism, Qatar’s complication, and the 48-hour window that actually matters for gold.
Gold Down 26%. Barclays’ $4,791 Target Never Moved.

Barclays held its $4,791 gold target through a 26% correction. Here’s the fair-value framework behind that call — and what it means for gold investors today.
