Finance

Gold Sinks as US and Iran’s Deadlock on Hormuz Continues

Gold declined as the Strait of Hormuz stayed largely closed to shipping, despite the latest efforts to find a negotiated solution to the US-Iran war that’s choked energy supplies and heightened inflation risks.

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Bloomberg
April 27, 2026·1 min read
Gold Sinks as US and Iran’s Deadlock on Hormuz Continues

Image: Bloomberg

Gold declined as the Strait of Hormuz stayed largely closed to shipping, despite the latest efforts to find a negotiated solution to the US-Iran war that’s choked energy supplies and heightened inflation risks.

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Gold Sinks as US and Iran’s Deadlock on Hormuz Continues

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