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Hormuz Standoff Drives Gold, Silver Prices Higher Amid Dollar Strength

Guavy AI Editorial Team Published August 12, 2026

Instruments

Silver

Gold and silver prices rose modestly in U.S. trading on Tuesday, driven by safe-haven buying amid the Strait of Hormuz standoff.

The crisis countering a stronger dollar and high rate environment prompted investors to seek haven in precious metals.

Safety-seeking flows underpinned gold, but capped its upside at $4,412.50 per ounce, a 0.56% gain on the day.

Spot silver gained 0.13%, hovering around $65.680 per ounce.

The Wire

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