Gold falls below $4,000 and silver hits year lows after attack in the Strait of Hormuz

FinanceInternationalKitcoOct 30, 2026, 7:52 AM40 s readAI summary

Spot gold traded near $3,958.80 an ounce (-1.32%) and silver near $50.08 (-4.06%), its lowest level of the year, in Friday's U.S. session. A new attack on a commercial vessel in the Strait of Hormuz pushed crude higher: December Brent was around $117.15 and WTI around $103.79. The employment cost index rose 0.8% in the third quarter, down from 0.9%, while markets priced about an 83% probability of a Fed rate hike in December.

In 40 seconds

Spot gold fell 1.32% to $3,958.80 an ounce and silver dropped 4.06% to $50.08, its lowest level of the year.
An explosive attack on a commercial vessel in Hormuz lifted December Brent to $117.15 and WTI to $103.79.
The U.S. employment cost index rose 0.8% in the third quarter, down from 0.9% previously.

Read the full story at Kitco

IASummary generated by artificial intelligence from a story by Kitco. It may contain errors: the original source prevails.

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Gold falls below $4,000 and silver hits year lows after attack in the Strait of Hormuz

In 40 seconds

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Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill

Oil edges lower after U.S. bombs Iran ahead of Election Day