Gold Holds Steady as Oil Prices Fall Amid Hormuz Diplomacy

Gold prices remained above $4,330 an ounce in early U.S. trading Tuesday, as a firmer U.S. dollar and hawkish Federal Reserve commentary offset relief from another pullback in oil prices and Treasury yields.

The Strait of Hormuz remains the main geopolitical channel into oil, inflation expectations, and defensive demand, but market impact is coming through de-escalation headlines.

Oil prices fell after reports that Iran could reopen the Strait within seven days if the U.S. takes initial steps to ease military pressure, with Brent crude falling below $100 a barrel and WTI moving below $95.