Gold and Silver Prices Rise Amid Strait of Hormuz Tensions

The price of gold and silver rose during the early U.S. trading session on Wednesday, September 9.

This increase was largely driven by escalating tensions between the United States and Iran, as well as a weaker U.S. dollar.

The Strait of Hormuz is a key geopolitical variable affecting oil prices, inflation expectations, and safe-haven demand.

Brent crude oil surpassed $100 per barrel, while the 10-year U.S. Treasury yield approached 4.81%, reaching a new high since October 2023.