@secamcommunityminers: Gold dropped more than 1% to below $4,800 an ounce on Monday, giving back gains from the previous week as renewed hostilities in the Strait of Hormuz drove oil prices sharply higher, intensifying inflation concerns. In the latest escalation, President Donald Trump said the US Navy fired on and seized an Iranian-flagged cargo vessel in the Gulf of Oman after it ignored warnings to halt while departing Hormuz. Tehran also targeted ships and reasserted control over the Strait, arguing that the US blockade on Iran-linked vessels breached the ceasefire agreement. Meanwhile, Trump indicated there was still an opportunity for a deal ahead of another round of talks in Pakistan, although Iran sees little prospect for an agreement. The prolonged conflict has sparked a historic energy supply shock, heightening inflation risks and raising the likelihood of further central bank rate hikes, which weighed on gold. The precious metal remains down nearly 10% since the onset of the war. #goldbar #millionaire #millionairemindset #luxury #UK

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Monday 20 April 2026 15:20:35 GMT