Gold price rebounds to $4,158 as the dollar slips; crude pulls back as Hormuz risk meets freight relief
Gold rebounded more than 1% in Thursday trading to roughly $4,158 an ounce, clawing back most of Wednesday's post-CPI slide in a single session as the dollar slipped off an 18-month high and Treasury yields pulled back from their highs. Crude made the counter-move. Brent fell about 1.6% to near $104.4 a barrel and WTI to about $94.11, reversing Wednesday's advance as Strait-of-Hormuz shipping-attack risk got weighed against Washington's move to ease shadow-fleet vessel sanctions and cut freight costs. Both trades trace back to the same print: September CPI that ran hotter than expected, and a Federal Reserve that signalled it will wait before acting.
Key Takeaways Gold spot rebounded 1.3% to…
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