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Gold Falls 3% as Hormuz Standoff Lifts Fed Hike Odds to 66%
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- Published
- Sep 28, 2026, 1:20 PM UTC
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Gold price today: gold fell 3% and silver 4.7% as Trump rejected Iran's Hormuz plan, raising Fed hike odds to 66%.
Gold slips as Strait of Hormuz tensions lift oil and Fed rate odds rise, pressuring bullion amid dollar strength and sticky inflation concerns.
Gold eased in early Monday trade as oil extended Hormuz-driven gains after Trump rejected Iran's reopening offer, with markets weighing a firmer inflation and…