Global Gold Prices to Depend on Strait of Hormuz Situation - Turkish Expert

NAMPA / Sputnik

2026-08-05

ANKARA, August 5 (RIA Novosti) - Global gold prices will largely depend on the situation around the Strait of Hormuz in the coming months, former Turkish Central Bank analyst Onur Dasdemir told RIA Novosti. "Events around the Strait of Hormuz remain a key factor for the gold market. As long as uncertainty persists, the precious metal will continue to be a safe-haven asset," Dasdemir said. He added that gold is currently trading in a range of a......

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