๐จ Gold and the Strait of Hormuz: What will happen if the world's most important waterway is closed? ๐จ$PAXG
If the strait is officially closed in 2026, here are analysts' estimates:
โข Current price: about $5,400 per ounce.
โข First jump: breaking the $6,000 barrier immediately.
โข Expected peak: could reach $8,000 as oil prices and inflation ignite.
Summary: Gold is the "first refuge" in case of a disruption in global energy supplies.
And we monitor silver$XAG
If the strait is officially closed in 2026, here are analysts' estimates:
โข Current price: about $5,400 per ounce.
โข First jump: breaking the $6,000 barrier immediately.
โข Expected peak: could reach $8,000 as oil prices and inflation ignite.
Summary: Gold is the "first refuge" in case of a disruption in global energy supplies.
And we monitor silver$XAG