Oil Crashed 11%. Gold Went Up. That Tells You Everything.

Oil crashed 11% on Friday when Iran reopened the Strait of Hormuz. Gold went up. That rare divergence — oil down, gold up, same catalyst — signals that gold’s rally is driven by monetary forces, not geopolitical ones. The war premium left oil. The monetary premium stayed in gold. Here is what that means for precious metals investors watching the Fed’s next move.
What’s Driving Gold and Silver Prices This Week

Gold and silver whipsawed on conflicting ceasefire signals as Trump paused Iran strikes and Tehran denied any talks. Meanwhile, gas crossed $4 for the first time since 2022 — and Friday’s CPI print could reset inflation expectations.
