{"id":271543,"date":"2026-08-31T13:59:37","date_gmt":"2026-08-31T13:59:37","guid":{"rendered":"https:\/\/www.europesays.com\/iran\/271543\/"},"modified":"2026-08-31T13:59:37","modified_gmt":"2026-08-31T13:59:37","slug":"gold-slips-as-warsh-repricing-hormuz-oil-spike-lift-rate-risk-kitco-am-report","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/iran\/271543\/","title":{"rendered":"Gold slips as Warsh repricing, Hormuz oil spike lift rate risk – Kitco AM Report"},"content":{"rendered":"

(Kitco NewsWire) – Spot\u00a0gold<\/a> prices are lower and spot\u00a0silver<\/a> prices are firmer in early U.S. trading Monday, as traders weighed higher September Fed-hike odds and a renewed Strait of Hormuz oil shock against defensive demand tied to fresh U.S.-Iran escalation. At the time of writing, spot gold was trading near $4,438.20 an ounce, down 0.36%, while spot silver was trading at $66.860, up 0.91% on the session.<\/p>\n

The latest positioning remains defined by Fed Chair Kevin Warsh\u2019s hawkish Jackson Hole message and a data-heavy week ahead. Futures-implied odds of a September rate hike were near 60% Monday, after Warsh\u2019s speech pushed the two-year Treasury yield nearly 12 basis points higher Friday. The two-year yield dipped to about 4.325% in early Monday trade, but the move only trimmed Friday\u2019s surge rather than reversing it. The next rate tests are Tuesday\u2019s JOLTS job openings and ISM manufacturing data, Wednesday\u2019s ADP employment report, Thursday\u2019s jobless claims and ISM services data, and Friday\u2019s August payrolls report.<\/p>\n

Gold remains caught between the rate shock and geopolitical bid. Friday\u2019s selloff broke the metal below the 200-day moving average and put $4,396 back in focus in the latest technical setup, but Monday\u2019s renewed Gulf risk has limited follow-through selling. Silver is trading better after bouncing from the $65.63 to $65.64 support area, but it remains below its short-term moving averages, leaving the rebound vulnerable unless buyers can clear the $67.75 to $68.40 resistance band.<\/p>\n

The Strait of Hormuz remains the main geopolitical channel into oil, inflation expectations and defensive demand. U.S. forces struck Iranian rocket launchers near the strait Sunday, the first American military action in a month, breaking a lull in the more than six-month war. Oil surged more than 3% as traders repriced escalation risk, with Brent crude trading near $91 a barrel and U.S. crude near $86.40. For gold, the setup is conflicted: fresh military action supports safe-haven demand, but higher crude threatens to keep inflation elevated and strengthens the market\u2019s case for another Fed hike.<\/p>\n

Global markets were weaker ahead of the U.S. open. S&P 500<\/a> futures and Dow futures<\/a> fell 0.2%, while Nasdaq futures<\/a> slipped 0.1%. In Europe, Germany\u2019s DAX<\/a> lost 0.8% and France\u2019s CAC 40<\/a> edged lower, while U.K. markets were closed for a bank holiday. Asian markets were mixed as investors balanced higher oil, Fed risk and the week\u2019s labor-market calendar.<\/p>\n

The key outside markets see Nymex WTI crude oil prices firmer and trading around $86.40 a barrel, while Brent crude was near $91.10. The yield on the benchmark 10-year U.S. Treasury note is trading near the 4.7% area. The U.S. dollar index is mixed.\u00a0(Kitco Global Index<\/a> shows how much of today’s gold move is the dollar versus the gold market itself.)<\/p>\n

\"Live<\/a><\/p>\n

Technically, spot\u00a0gold<\/a> bulls’ next upside price objective is to push prices back above the $4,487.00 resistance level, with a sustained move targeting $4,515.00 and then $4,543.00. Bears’ next near-term downside price objective is a break below $4,396.00, with deeper downside target at $4,341.00. First resistance is seen at $4,452.00 and then at $4,487.00. First support is seen at $4,396.00 and then at $4,341.00.<\/p>\n

\"Live<\/a><\/p>\n

Spot\u00a0silver<\/a> bulls’ next upside price objective is to drive prices back above $67.75, with a move above that level targeting $68.40 and then $69.05. The next downside price objective for the bears is a break below $66.94, with deeper downside targets at $65.64 and then $65.60. First resistance is seen at $67.75 and then at $68.40. Next support is seen at $66.94 and then at $65.64.<\/p>\n

See live\u00a0precious metals prices<\/a> for gold, silver, platinum and palladium \u2014 in USD, CAD and 12 more currencies.\u00a0<\/p>\n

<\/a><\/p>\n

Disclaimer:\u00a0The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and\/ or damages arising from the use of this publication.<\/p>\n","protected":false},"excerpt":{"rendered":"(Kitco NewsWire) – Spot\u00a0gold prices are lower and spot\u00a0silver prices are firmer in early U.S. trading Monday, as…\n","protected":false},"author":2,"featured_media":271544,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[28],"tags":[8326,8319,2670,8322,8318,7088,8321,8320,2218,266,8310,102,8325,281,8309,8327,1604,8328,8317,8313,8314,8312,8315,81,8316,8324,8329,8311,101,8323,3445],"class_list":["post-271543","post","type-post","status-publish","format-standard","has-post-thumbnail","category-strait-of-hormuz","tag-bank-forecasts","tag-bitcoin-news","tag-central-banks","tag-charts","tag-crypto-news","tag-currency","tag-economic-reports","tag-ethereum-news","tag-forecasts","tag-global-economy","tag-gold","tag-hormuz","tag-international-policy","tag-interviews","tag-kitco-news","tag-market-nugget","tag-metals","tag-mining-minutes","tag-mining-news","tag-palladium","tag-pgm","tag-platinum","tag-platinum-group-metals","tag-politics","tag-precious-metals","tag-rare-earth-metals","tag-roundups","tag-silver","tag-strait-of-hormuz","tag-tech-metals","tag-us-dollar"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@iran\/117190483696595331","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/271543","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=271543"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/271543\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/271544"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=271543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=271543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=271543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}