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Business & Finance

Gold Declines as Hormuz Impasse Keeps Rate-Hike Bets Elevated

Bloomberg Markets Sunday 27 September 2026, 23:59 UTC By Yihui Xie 1 min read
Key Points

Gold dropped — following a weekly decline — as an impasse over the Strait of Hormuz kept energy costs elevated and maintained pressure on the Federal Reserve to raise interest rates further to combat sticky inflation.

Gold dropped — following a weekly decline — as an impasse over the Strait of Hormuz kept energy costs elevated and maintained pressure on the Federal Reserve to raise interest rates further to combat sticky inflation.
Hormuz Impasse (ORG) the Strait of Hormuz (LOCATION) the Federal Reserve (ORG)
Originally published by Bloomberg Markets Read original →

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