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Hormuz Blockade Sent Gold Down 2%. Here’s Why That’s Bullish

Hormuz Blockade Sent Gold Down 2%. Here's Why That's Bullish

The Hormuz blockade sent gold down 2% as oil surged past $100. But margin liquidation — not fundamentals — drove the drop. With CPI at 3.3%, central banks buying, and the petrodollar requiring a navy to defend, the structural case for gold just got stronger.

Iran War Deadline Puts Gold and Silver Prices on Edge 

gold and silver prices Iran war

Gold dropped to $4,600 before recovering. Silver bounced from $71 to $73. Meanwhile, Jamie Dimon named the Iran war as his top economic risk, Powell called job growth “effectively zero,” and markets braced for Tuesday’s Hormuz deadline.

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