Gold, silver extend weekly losses as Hormuz tensions push crude above $116 - Kitco PM Report
Published . Updated .
(Kitco NewsWire) - Spot gold and silver prices were lower in late U.S. trading Friday, extending a week of heavy selling as renewed concerns about military escalation involving Iran pushed…
Directly affected
- No company is named in this report.
Indirectly affected
- FRO Frontline+1.4%
Tanker operators earn more when freight rates spike
- INSW International Seaways-1.4%
Tanker operators earn more when freight rates spike
- DHT DHT Holdings
Tanker operators earn more when freight rates spike
- TNK Teekay Tankers
Tanker operators earn more when freight rates spike
- USO United States Oil Fund+4.9%
Tracks U.S. crude prices when Gulf supply is at risk
- XLE Energy Select Sector SPDR+3.8%
Energy companies move with a Gulf supply scare
- LMT Lockheed Martin+11.5%
Defense contractors get more work when conflict spending rises
- XOM Exxon Mobil+7.9%
Oil producers earn more when crude prices rise
- RTX RTX-0.4%
Defense contractors get more work when conflict spending rises
- DAL Delta Air Lines-0.8%
Airlines pay more for fuel when oil prices jump
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| FRO | -4.16% | -3.04% | base | after close | after close | after close | after close |
| INSW | -5.43% | +0.49% | base | after close | after close | after close | after close |
| DHT | -6.23% | -1.71% | base | after close | after close | after close | after close |
| TNK | -4.67% | -3.50% | base | after close | after close | after close | after close |
| USO | -5.13% | -5.78% | base | after close | after close | after close | after close |
| XLE | -2.19% | -1.69% | base | after close | after close | after close | after close |
| LMTNo price data for this ticker | — | — | — | — | — | — | — |
| XOM | -2.72% | -2.80% | base | after close | after close | after close | after close |
| RTXNo price data for this ticker | — | — | — | — | — | — | — |
| DAL | -2.77% | +1.20% | base | after close | after close | after close | after close |
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, silver extend weekly losses as Hormuz tensions push crude above $116 - Kitco PM Report Kitco
Source: Kitco
Strait of Hormuz
| Company | When | Move | Status |
|---|---|---|---|
| CVX | three days earlier | -2.77% | final price |
| CVX | five days earlier | -3.75% | final price |
| DAL | three days earlier | +1.20% | final price |
| DAL | five days earlier | -2.77% | final price |
| DHT | three days earlier | -1.71% | final price |
| DHT | five days earlier | -6.23% | final price |
| FRO | three days earlier | -3.04% | final price |
| FRO | five days earlier | -4.16% | final price |
| INSW | three days earlier | +0.49% | final price |
| INSW | five days earlier | -5.43% | final price |
| MATX | three days earlier | +2.85% | final price |
| MATX | five days earlier | +1.35% | final price |
| STNG | three days earlier | -3.28% | final price |
| STNG | five days earlier | -5.97% | final price |
| TNK | three days earlier | -3.50% | final price |
| TNK | five days earlier | -4.67% | final price |
| USO | three days earlier | -5.78% | final price |
| USO | five days earlier | -5.13% | final price |
| XLE | three days earlier | -1.69% | final price |
| XLE | five days earlier | -2.19% | final price |
| XOM | three days earlier | -2.80% | final price |
| XOM | five days earlier | -2.72% | final price |
| ZIM | three days earlier | -0.66% | final price |
| ZIM | five days earlier | -1.23% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Kevin Hern sold Lockheed Martin (LMT) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 30 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Kevin Hern sold Lockheed Martin (LMT) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 30 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Kevin Hern sold Lockheed Martin (LMT) (jointly held), worth $15,001 - $50,000 on 17 Sep 2026. That is 36 days before publication. Filed 13 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 53 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 84 days before publication. Filed 22 Sep 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).
Strait of Hormuz, seven days against thirty
Strait of Hormuz has 256 linked stories in the last 7 days and 256 in the last 30 on the page that also carries “Gold, silver extend weekly losses as Hormuz tensions push crude above $116 - Kitco PM Report.” The recent pace is rising.
How solid the energy case looks
12 out of 100
“Gold, silver extend weekly losses as Hormuz tensions push crude above $116 - Kitco PM Report” scores 12 out of 100. The score uses 1 sources.