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Tuesday, 20 October 2026

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Gold Slips as Hormuz Impasse Keeps Fed Rate-Hike Expectations Elevated

Gold remained under pressure as the unresolved Strait of Hormuz dispute kept energy and inflation risks elevated, strengthening expectations of further US interest-rate increases.

By Chee Liang CFA4 min read

Singapore, 28 September 2026 – Gold edged lower as investors continued to weigh persistent Middle East tensions against the prospect of further US interest-rate increases, with the unresolved dispute over the Strait of Hormuz keeping energy prices and inflation risks elevated.

Bullion traded around the US$4,300-an-ounce level after ending the previous week lower, as rising Treasury yields continued to reduce the appeal of the non-yielding precious metal.

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Author

  • Chee Liang CFA specializes in financial advice and global economic trends, delivering clear insights to help readers navigate markets, investments, and the shifting dynamics of the world economy.