Gold surges on Hormuz news: Here’s what comes next
The Strait of Hormuz just got a little less scary. Gold liked what it heard. Spot gold rose approximately 1.0% to $4,838.50 an ounce on April 17 after Iran’s foreign ministry declared the Strait “completely open for the remaining period of ceasefire” for all commercial vessels, according to …
Read MoreGoldman Sachs has blunt message on gold price for rest of 2026
Gold just had its worst month in over a decade. Goldman Sachs is not budging. After gold fell more than 10% in March 2026, its biggest monthly decline since June 2013, Goldman Sachs reaffirmed its $5,400 per ounce year-end target. Spot gold is trading around $4,567 to $4,769 as of April 1, well …
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