Singapore, 16 June 2026 – Gold held its gains as investors assessed President Donald Trump’s comments that the Strait of Hormuz could reopen this week, a development that has eased oil-supply fears while strengthening the macro case for precious metals.
Spot gold remained supported after rising sharply, with investors responding to a softer US dollar, lower Treasury yields and falling crude prices. The move reflected a shift in market thinking: reduced energy-supply risk may weaken oil-driven inflation pressure, which in turn could reduce the need for central banks to keep interest rates elevated.
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