Singapore, 18 May 2026 – Gold held its decline as a lack of progress in reopening the Strait of Hormuz continued to fuel inflation concerns, keeping investors focused on oil-driven price pressures, bond-market volatility and the outlook for US interest rates.
The precious metal remained under pressure after inflation fears linked to the Hormuz disruption reduced expectations for faster monetary easing. Bloomberg reported that gold held a decline as continued uncertainty over the Strait of Hormuz kept inflation concerns high and pressured bond markets.
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