Gold Rises Amid US-Iran Impasse and Strait of Hormuz Tensions – May 12, 2026 - News and Statistics

Gold prices rose amid the US-Iran impasse and tensions surrounding the Strait of Hormuz. The stalemate between the US and Iran regarding traffic resumption is fueling concerns about potential oil supply disruptions. While gold prices saw a downward trend due to dollar strength and potential US rate hikes, geopolitical risks supported the price increase.