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Gold Holds Gain as Traders Weigh Impact of Oil Risks on Rates

Bloomberg Markets Tuesday 21 July 2026, 23:34 UTC By Yihui Xie 1 min read
Key Points

Gold Holds Gain as Traders Weigh Impact of Oil Risks on Rates Gold held a gain as traders monitored threats to energy supply routes that risk stoking inflation and putting pressure on the Federal Reserve to hike interest rates. Bullion was trading around $4,080 an ounce, after gaining almost 2% the previous session. US President Donald Trump played down the prospect of immediate talks with Iran as the two sides exchanged strikes near the Strait of Hormuz, while Houthi militants in Yemen...

Gold Holds Gain as Traders Weigh Impact of Oil Risks on Rates Gold held a gain as traders monitored threats to energy supply routes that risk stoking inflation and putting pressure on the Federal Reserve to hike interest rates. Bullion was trading around $4,080 an ounce, after gaining almost 2% the previous session. US President Donald Trump played down the prospect of immediate talks with Iran as the two sides exchanged strikes near the Strait of Hormuz, while Houthi militants in Yemen threatened shipping in the Red Sea.
Gold Holds Gain (ORG) the Federal Reserve (ORG) US (LOCATION) Donald Trump (PERSON) Iran (LOCATION) the Strait of Hormuz (LOCATION) Houthi (ORG) Yemen (LOCATION) the Red Sea (LOCATION)
Originally published by Bloomberg Markets Read original →

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