Gold Falls as Renewed Hormuz Disruption Stokes Inflation Concern [Yahoo! Finance]
OVERSEAS CHINSE UNSP/ADR (OVCHY)
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Source: Yahoo! Finance
Most Read from Bloomberg Hormuz Chaos, Lebanon Clashes Dent Trump Peace Deal Hopes Cruise Ships Seized Brief Hormuz Reopening to Flee Persian Gulf Nvidia Makes Quantum Computing CEO a Billionaire in Days US Seizes Iranian Ship in Blockade, Casting Doubt on Peace Talks Trump Says US Seized Iranian Ship, Blew Hole in Its Engine Room Bullion dropped as much as 1.9%, before paring some of the loss to trade near $4,800 an ounce. President Donald Trump said the US Navy fired upon and seized an Iranian-flagged cargo ship, while Tehran warned that ships approaching the Strait of Hormuz would be treated as violating a ceasefire. Several vessels were forced to abandon crossings only hours after the Islamic Republic had said Friday that the key waterway was open. The latest incidents have jeopardized prospects for potential peace talks in Islamabad before a fragile 14-day ceasefire expires on Tuesday. Trump said he saw a chance for a deal, while also renewing threats to destroy Ir
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