Gold & Oil Verdict العربية

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What moved gold on Sunday 8 November 2026

Bearish for gold High impact

Tanker Burns After Strike in Strait of Hormuz

Trouble for tankers threatens oil flows from the Gulf. More expensive oil keeps inflation and US interest rates high, which gold does not like.

Effect: right now

Gold $4,072 when this landed Read at The Maritime Executive

Weekly recap

The week ahead

  • US core inflation (CPI) Expected 0.2%
  • US inflation (CPI), monthly Expected 0.3%
  • US oil stocks report (EIA)
Bearish for gold

Iran Suggests Blasts Are Not US Attacks As Both Sides Report Ships Hit

A bigger war in the Gulf threatens oil supply. More expensive oil keeps inflation and US interest rates high, which hurts gold.

Effect: right now

Read at gCaptain

Bearish for gold High impact

Iran says 3 tankers caught fire in Hormuz

Trouble for tankers threatens oil flows from the Gulf. More expensive oil keeps inflation and US interest rates high, which gold does not like.

Effect: right now

Gold $4,072 when this landed Read at Arab News

Bearish for gold

US military attacks cargo ship in the Gulf of Oman

A bigger war in the Gulf threatens oil supply. More expensive oil keeps inflation and US interest rates high, which hurts gold.

Effect: right now

Read at Al Jazeera

Bearish for gold

Iran says it has lifted its self-imposed limit on missile ranges

A bigger war in the Gulf threatens oil supply. More expensive oil keeps inflation and US interest rates high, which hurts gold.

Effect: right now

Gold $4,072 when this landed Read at Arab News