@secamcommunityminers: Gold hovered around $4,030 an ounce on Monday as investors assessed the evolving US-Iran conflict and its implications for oil prices, inflation, and monetary policy. US forces continued striking Iranian targets amid concerns over shipping through the Strait of Hormuz after Tehran reported that two oil tankers had exploded and been immobilized. Oil prices, which had climbed to a more than one-month high earlier in the session, later eased after Iran's foreign ministry said negotiations with the US could still be pursued if they aligned with the country's national interests. Even so, elevated energy prices continue to fuel inflation concerns and reinforce expectations that US interest rates will remain higher for longer. Meanwhile, Cleveland Fed President Beth Hammack joined a growing chorus of policymakers suggesting further rate hikes may be needed to contain persistent inflation. Markets are now pricing an 80% probability of a December Fed rate hike, up from 73% a week ago #jewelrytiktok #jewellery #necklace #jewelrylover #jewelry

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Monday 20 July 2026 13:55:25 GMT