"The same supply shock rattling energy markets is creating headwinds for bullion. WTI crude now hovers near $100 a barrel after spiking to a 12-month peak around $115 last month when supply fears were at their worst."
"Gold is caught between its safe-haven appeal and the gravitational pull of real rates, with bullion futures slipping below $4,600 per troy ounce after falling more than 12% since the Iran war began."
"GLD is still up 42% over the past year, and SLV has more than doubled with a 132% gain. Central banks bought a record amount of gold in 2025."
The PHLX Gold/Silver Sector is experiencing a decline as precious metals retreat. SPDR Gold Shares and iShares Silver Trust ETFs are down significantly. The disruption in the Strait of Hormuz is impacting inflation and interest rates, creating challenges for non-yielding assets like gold. Despite the pullback, gold and silver have shown substantial gains over the past year, with central banks increasing gold purchases. The long-term demand for gold remains strong, even as short-term traders adjust their positions.
Read at 24/7 Wall St.
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