Gold Holds Gain as Trump Touts Reopening of Hormuz This Week (opens original article in a new tab)

Gold held a gain as US President Donald Trump indicated the Strait of Hormuz could reopen, potentially easing energy and inflation concerns, while oil prices fell.

• Gold held a gain after US President Donald Trump said the Strait of Hormuz could reopen on Friday
• US allies were less optimistic about the quick resumption of energy and commodity flows via the Strait of Hormuz
• Oil prices fell with West Texas Intermediate near $81 a barrel and Brent near $83