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Gold Holds Gain as Trump Touts Reopening of Hormuz This Week

Gold Holds Gain as Trump Touts Reopening of Hormuz This Week
Bloomberg Markets Monday 15 June 2026, 22:35 UTC By Kanupriya Kapoor 1 min read
Key Points

Commodities Gold Holds Gain as Trump Touts Reopening of Hormuz This Week Gold held a gain after US President Donald Trump said the Strait of Hormuz could reopen on Friday, likely easing an energy and inflation shock that has roiled global markets. Bullion was near $4,310 an ounce, having climbed 2.2% in the previous session after the US and Iran announced an interim deal to end the war and lift their maritime blockades in the region.

Commodities Gold Holds Gain as Trump Touts Reopening of Hormuz This Week Gold held a gain after US President Donald Trump said the Strait of Hormuz could reopen on Friday, likely easing an energy and inflation shock that has roiled global markets. Bullion was near $4,310 an ounce, having climbed 2.2% in the previous session after the US and Iran announced an interim deal to end the war and lift their maritime blockades in the region. Adding a note of caution, however, US allies were less optimistic about how quickly flows of energy and other commodities via the strategic waterway could resume.
Gold Holds Gain (ORG) Hormuz (LOCATION) US (LOCATION) Donald Trump (PERSON) the Strait of Hormuz (LOCATION) Iran (LOCATION)
Originally published by Bloomberg Markets Read original →

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