Gold holds above $4,000 as Hormuz diplomacy cools crude ahead of Fed decision - Kitco PM Report
Published . Updated .
(Kitco NewsWire) - Spot gold and silver prices were higher in late U.S. trading Monday, recovering some of last week's steep losses as declining crude oil prices eased inflation concerns…
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+8.2% 30d
United States Oil Fund: its price follows crude oil. Linked by “crude” (oil) in this story.
- XLE Energy Select Sector SPDR+7.4% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “crude” (oil) in this story.
- GLD SPDR Gold Shares-3.3% 30d
SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story.
- TLT iShares 20+ Year Treasury Bond ETF-1.8% 30d
iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story.
- XOM ExxonMobil Holdings+11.0% 11d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “crude” (oil) in this story.
- CVX Chevron+9.9% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “crude” (oil) in this story.
- OXY Occidental Petroleum+3.8% 18d
Occidental Petroleum (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “crude” (oil) in this story.
- SHEL Shell+0.1% 13d
Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “crude” (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 | -3.36% | -2.27% | base | after close | after close | after close | after close |
| XLE | -2.42% | -2.96% | base | after close | after close | after close | after close |
| GLDNo price data for this ticker | — | — | — | — | — | — | — |
| TLTNo price data for this ticker | — | — | — | — | — | — | — |
| XOM | -3.61% | -3.44% | base | after close | after close | after close | after close |
| CVX | -2.74% | -2.34% | base | after close | after close | after close | after close |
| OXYNo price data for this ticker | — | — | — | — | — | — | — |
| 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.
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Gold holds above $4,000 as Hormuz diplomacy cools crude ahead of Fed decision - Kitco PM Report Kitco
Source: Kitco
What happened to United States Oil Fund (USO) the last 16 times Strait of Hormuz was in the news
United States Oil Fund (USO) the next day, across 16 earlier stories: average +0.65%, largest gain +2.76%, largest drop -0.66%, from 16 prices.
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| United States Oil Fund (USO) | the next day | +0.65% | +2.76% | -0.66% | 16 |
| United States Oil Fund (USO) | three days later | +1.16% | +5.08% | +0.46% | 16 |
| Select Sector Spdr Tr (XLE) | the next day | +0.41% | +1.88% | -0.95% | 16 |
| Select Sector Spdr Tr (XLE) | three days later | +0.42% | +2.40% | -0.96% | 16 |
| Ishares Tr (TLT) | the next day | +0.11% | +0.11% | +0.11% | 1 |
| Ishares Tr (TLT) | three days later | +2.12% | +2.12% | +2.12% | 1 |
- Brent oil touches $110 as Iran escalates Hormuz attacks, Ukraine vows to hit Russian refineries
- Attacks on Ships in Strait of Hormuz Escalate Sharply
- Oil Stocks In Focus As Hormuz Risk Puts Integrated Producers Under Pressure
- Oil flows through Hormuz have largely recovered. Oil prices haven’t. David Lin’s explanation is that the real bottleneck now may be the cost of moving it. Shipping and transit costs remain extremely high, tanker attacks are still happening, and those costs event
- U.S. crude oil tops $100 as Iran escalates Hormuz attacks, Ukraine vows to hit Russian refineries
- Indian shipping official says a crude oil tanker was targeted by a missile in the Strait of Hormuz; official also notes the Romania incident on October 14th
United States Oil Fund (USO) compared with energy stocks (XLE) since 26 Oct 2026
| Company | When | Move | Status |
|---|---|---|---|
| Chevron (CVX) | three days earlier | -2.34% | final price |
| Chevron (CVX) | five days earlier | -2.74% | final price |
| United States Oil Fund (USO) | three days earlier | -2.27% | final price |
| United States Oil Fund (USO) | five days earlier | -3.36% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | -2.96% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | -2.42% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | -3.44% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | -3.61% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 56 days before publication. Filed 25 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, bought ExxonMobil Holdings (XOM), worth $250,001 - $500,000 on 31 Jul 2026. That is 87 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 33 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 54 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Chevron (CVX), worth $15,001 - $50,000 on 26 Aug 2026. That is 61 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Occidental Petroleum (OXY), worth $100,001 - $250,000 on 21 Aug 2026. That is 66 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Newmont (NEM), worth $1,001 - $15,000 on 24 Aug 2026. That is 63 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).
Where this story sits: Strait of Hormuz
Geopolitics Alpha has 117 stories about Strait of Hormuz from the past 7 days and 296 stories from the past 30. That is faster than its usual pace over the past month. “Gold holds above $4,000 as Hormuz diplomacy cools crude ahead of Fed decision - Kitco PM Report” is tagged to Strait of Hormuz.
Companies in energy around United States Oil Fund (USO)
The side that tends to collect
- XOM ExxonMobil Holdings
In “Gold holds above $4,000 as Hormuz diplomacy cools crude ahead of Fed decision - Kitco PM Report,” ExxonMobil Holdings (XOM) tends to benefit, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “crude” (oil) in this story
- CVX Chevron
In “Gold holds above $4,000 as Hormuz diplomacy cools crude ahead of Fed decision - Kitco PM Report,” Chevron (CVX) tends to benefit, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “crude” (oil) in this story
No up or down call on file
- USO United States Oil Fund
For “Gold holds above $4,000 as Hormuz diplomacy cools crude ahead of Fed decision - Kitco PM Report,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “crude” (oil) in this story
- XLE Select Sector Spdr Tr
In “Gold holds above $4,000 as Hormuz diplomacy cools crude ahead of Fed decision - Kitco PM Report,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “crude” (oil) in this story
- GLD Spdr Gold Trust
For “Gold holds above $4,000 as Hormuz diplomacy cools crude ahead of Fed decision - Kitco PM Report,” Spdr Gold Trust (GLD) is linked, with no stored direction, medium confidence. Reason on file: SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story
- TLT Ishares Tr
For “Gold holds above $4,000 as Hormuz diplomacy cools crude ahead of Fed decision - Kitco PM Report,” Ishares Tr (TLT) is linked, with no stored direction, medium confidence. Reason on file: iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story
How energy news reaches United States Oil Fund (USO)
United States Oil Fund (USO) is the company in “Gold holds above $4,000 as Hormuz diplomacy cools crude ahead of Fed decision - Kitco PM Report,” the 26 Oct 2026 Strait of Hormuz story.
What ties United States Oil Fund (USO) to the headline is this: United States Oil Fund: its price follows crude oil. Linked by “crude” (oil) in this story
A second company, Select Sector Spdr Tr (XLE), is listed for a different reason: Energy Select Sector SPDR: its price follows crude oil. Linked by “crude” (oil) in this story
Dates in the story, and the United States Oil Fund (USO) price range
GLD traded between 373.41 and 400.78 across 20 sessions. The latest close on file is 379.67. USO traded between 141.82 and 169.96 across 20 sessions. The latest close on file is 169.55. XLE traded between 60.95 and 69.72 across 20 sessions. The latest close on file is 69.32.
How strong the case is around United States Oil Fund (USO)
46 out of 100
“Gold holds above $4,000 as Hormuz diplomacy cools crude ahead of Fed decision - Kitco PM Report” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.