Global gold price decreased by 1.5 percent

Global gold and oil prices saw changes amid rising concerns over the Strait of Hormuz and the persistence of high interest rates. These shifts came after U.S. and Iranian attacks, which heightened worries about the possible closure of the Strait of Hormuz.

• Global gold prices fell by more than 1 percent today (Monday).
• Global gold prices dropped 1.5 percent to $4,059.11.
• Concerns about the closure of the Strait of Hormuz have sharply boosted oil prices.
• Expectations for the continuation of high interest rates to curb inflationary pressures have also weighed on gold prices.
• Oil prices jumped by nearly 5 percent.
• The rise in oil prices came after the U.S. and Iranian attacks and amid concerns over the Strait of Hormuz.. Coverage difference: Etemad Media emphasized the decline in global gold prices and the reasons behind it, including concerns over the Strait of Hormuz and expectations for the continuation of high interest rates. In contrast, Anadolu focused on the surge in oil prices and its link to mounting concerns over Hormuz following the U.S. and Iranian attacks. Both outlets referred to concerns about the Strait of Hormuz, but Etemad highlighted gold prices while Anadolu highlighted oil prices.