Gold Holds Near $4,740 as Hormuz Deadlock Fuels Inflation Fears

9 articles · Updated · Bloomberg · May 11

$4,740 an ounce kept bullion near record territory after a 0.4% gain on Monday, with traders holding defensive positions.
Higher oil prices from the Strait of Hormuz standoff reinforced inflation worries, supporting demand for gold as a hedge.
Trump called Iran's response to last week's US peace proposal "a piece of garbage" and said the fragile ceasefire was on "massive life support," signaling no quick end to the disruption.
That prolonged uncertainty has continued to roil global energy markets, leaving gold supported by both geopolitical risk and inflation pressure.

Gold prices are soaring, but is this safe-haven rally an illusion setting a trap for investors?

As the U.S. and Iran clash, can China's quiet diplomacy avert a full-blown global economic crisis?

Beyond oil, what critical supply chains are now breaking, threatening global food and technology?