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Gold news: Saturday 24 October 2026

What moved it

Attacks on ships in Strait of Hormuz hit record levels in October (01:13 UK)BEARISH for gold

The verdicts are the textbook reading of the news, not a forecast. Closing prices are spot gold at about 5pm New York time, from our price feed, and may differ slightly from other sources.

The posts, as they landed

โšก ๐Ÿ”ด BEARISH for gold ยท ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ HIGH

Attacks on ships in Strait of Hormuz hit record levels in October

Why: Oil fear rises as attacks surge, pushing inflation expectations higher and keeping Fed rates elevated.
Gold $3,996.90 (Friday's close)
Markets closed, reopen Sun 22:00 UK
๐Ÿ•’ Sat 24 Oct ยท news 01:12 UK

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A reminder before every big release, then why gold moved, in plain English, the moment the news lands.

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  • ๐Ÿ’ฌ The why, in one line

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