Gold drops below $4,000, silver tumbles as Hormuz attack lifts oil prices - Kitco AM Report
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(Kitco NewsWire) – Spot gold and silver prices were sharply lower in early U.S. trading Friday, as renewed attacks on commercial shipping in the Strait of Hormuz pushed crude oil prices higher…
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund-1.1% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+6.9% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- GLD SPDR Gold Shares-4.7% 30d
SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story.
- SLV iShares Silver Trust-25.0% 30d
iShares Silver Trust: it follows the silver price. Linked by “silver” (silver) in this story.
- XOM ExxonMobil Holdings-2.7% 17d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- CVX Chevron+3.0% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- COP ConocoPhillips+6.9% 30d
ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- SHEL Shell+3.5% 11d
Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USO | +0.80% | -2.73% | base | +0.39% | -6.80% | -5.96% | -13.51% |
| XLE | +0.88% | -0.71% | base | +1.87% | -2.12% | -2.93% | -7.58% |
| GLD | -0.54% | +1.01% | base | -3.47% | -1.90% | -2.53% | +0.99% |
| SLV | +3.07% | +4.02% | base | -5.66% | -3.59% | -5.15% | -0.23% |
| XOM | +0.03% | -1.79% | base | +2.24% | -1.85% | -3.08% | -7.47% |
| CVX | +0.78% | -1.37% | base | +1.82% | -1.55% | -2.64% | -6.24% |
| COP | +0.55% | -1.36% | base | +2.70% | -2.08% | -3.71% | -8.71% |
| SHELNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Gold drops below $4,000, silver tumbles as Hormuz attack lifts oil prices - Kitco AM Report Kitco
Source: Kitco
Strait of Hormuz
| Company | When | Move | Status |
|---|---|---|---|
| COP | that day | +2.70% | final price |
| COP | the next day | -2.08% | final price |
| COP | two days later | -3.71% | final price |
| COP | three days later | -8.71% | final price |
| COP | three days earlier | -1.36% | final price |
| COP | five days earlier | +0.55% | final price |
| CVX | that day | +1.82% | final price |
| CVX | the next day | -1.55% | final price |
| CVX | two days later | -2.64% | final price |
| CVX | three days later | -6.24% | final price |
| CVX | three days earlier | -1.37% | final price |
| CVX | five days earlier | +0.78% | final price |
| GLD | that day | -3.47% | final price |
| GLD | the next day | -1.90% | final price |
| GLD | two days later | -2.53% | final price |
| GLD | three days later | +0.99% | final price |
| GLD | three days earlier | +1.01% | final price |
| GLD | five days earlier | -0.54% | final price |
| SLV | that day | -5.66% | final price |
| SLV | the next day | -3.59% | final price |
| SLV | two days later | -5.15% | final price |
| SLV | three days later | -0.23% | final price |
| SLV | three days earlier | +4.02% | final price |
| SLV | five days earlier | +3.07% | final price |
| USO | that day | +0.39% | final price |
| USO | the next day | -6.80% | final price |
| USO | two days later | -5.96% | final price |
| USO | three days later | -13.51% | final price |
| USO | three days earlier | -2.73% | final price |
| USO | five days earlier | +0.80% | final price |
| XLE | that day | +1.87% | final price |
| XLE | the next day | -2.12% | final price |
| XLE | two days later | -2.93% | final price |
| XLE | three days later | -7.58% | final price |
| XLE | three days earlier | -0.71% | final price |
| XLE | five days earlier | +0.88% | final price |
| XOM | that day | +2.24% | final price |
| XOM | the next day | -1.85% | final price |
| XOM | two days later | -3.08% | final price |
| XOM | three days later | -7.47% | final price |
| XOM | three days earlier | -1.79% | final price |
| XOM | five days earlier | +0.03% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 16 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 60 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 16 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 37 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 58 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 26 Aug 2026. That is 65 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 24 Aug 2026. That is 67 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Conocophillips (COP), worth $1,000,001 - $5,000,000 on 21 Aug 2026. That is 70 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
How busy Strait of Hormuz has been lately
Geopolitics Alpha has 144 stories about Strait of Hormuz from the past 7 days and 591 stories from the past 30. That is about its usual pace over the past month. “Gold drops below $4,000, silver tumbles as Hormuz attack lifts oil prices - Kitco AM Report” is tagged to Strait of Hormuz.
How solid the energy case looks
12 out of 100
“Gold drops below $4,000, silver tumbles as Hormuz attack lifts oil prices - Kitco AM Report” scores 12 out of 100. The score uses 1 sources.