News | by Juyou Finds News Desk | September 28, 2026

Strait of Hormuz Standoff Fuels Rate Hike Bets as Gold Plunges Nearly $100 in Asian Trading, Breaching $4,200

Gold plunged nearly $100 in Asian trading, breaching $4,200, as a Strait of Hormuz standoff fueled bets on rate hikes. The sharp drop came amid rising geopolitical tensions and shifting expectations for monetary policy. Traders are bracing for further volatility as the situation develops.

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