Gold, silver rebound after CPI-driven selloff, Hormuz tensions lift crude oil - Kitco AM Report
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(Kitco NewsWire) – Spot gold and silver prices were higher in early U.S. trading Wednesday, recovering from Tuesday's sharp losses as bargain hunting and short covering supported precious metals…
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-3.3% 19d
SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story.
- SLV iShares Silver Trust-21.7% 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+3.3% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- OXY Occidental Petroleum+10.3% 18d
Occidental Petroleum (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- COP ConocoPhillips+4.8% 30d
ConocoPhillips (petroleum refining): 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 | +2.78% | +4.95% | base | +2.37% | after close | after close | after close |
| XLE | +2.11% | -0.95% | base | +1.57% | after close | after close | after close |
| GLD | +0.81% | +0.85% | base | -0.60% | after close | after close | after close |
| SLV | +1.44% | +0.84% | base | +1.62% | after close | after close | after close |
| XOM | +3.07% | +0.89% | base | +1.25% | after close | after close | after close |
| CVX | +2.73% | +0.67% | base | +0.78% | after close | after close | after close |
| OXY | +0.77% | -0.84% | base | +0.72% | after close | after close | after close |
| COP | +0.96% | +0.52% | base | +1.36% | 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.
Gold, silver rebound after CPI-driven selloff, Hormuz tensions lift crude oil - Kitco AM Report Kitco
Source: Kitco
How United States Oil Fund (USO) moved after the last 17 energy shocks
United States Oil Fund (USO) the next day, across 17 earlier stories: average -7.15%, largest gain -6.32%, largest drop -7.20%, from 17 prices.
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| United States Oil Fund (USO) | the next day | -7.15% | -6.32% | -7.20% | 17 |
| United States Oil Fund (USO) | three days later | -5.15% | -4.86% | -9.82% | 17 |
| Select Sector Spdr Tr (XLE) | the next day | -5.68% | -5.58% | -6.96% | 14 |
| Select Sector Spdr Tr (XLE) | three days later | -8.27% | -7.07% | -8.36% | 14 |
- Aramco expanding East-West Pipeline that avoids Hormuz
- UNCTAD: Tanker freight rates and bunker costs surge amid Hormuz disruptions
- Hormuz crisis drives shipping costs to more than 30% of barrel value, ADNOC chief executive says
- Aramco Targets Hormuz Bypass with East-West Pipeline Expansion
- Watch US Hits Iran’s Qeshm Island as Hormuz Talks Keep Oil Markets on Edge
- Strait of Hormuz Disruptions: Soaring fuel prices and the burden of inflation
How far United States Oil Fund (USO) has moved since 11 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| COP | that day | +1.36% | still updating |
| COP | three days earlier | +0.52% | final price |
| COP | five days earlier | +0.96% | final price |
| Chevron (CVX) | that day | +0.78% | still updating |
| Chevron (CVX) | three days earlier | +0.67% | final price |
| Chevron (CVX) | five days earlier | +2.73% | final price |
| Spdr Gold Trust (GLD) | that day | -0.60% | still updating |
| Spdr Gold Trust (GLD) | three days earlier | +0.85% | final price |
| Spdr Gold Trust (GLD) | five days earlier | +0.81% | final price |
| Occidental Petroleum (OXY) | that day | +0.72% | still updating |
| Occidental Petroleum (OXY) | three days earlier | -0.84% | final price |
| Occidental Petroleum (OXY) | five days earlier | +0.77% | final price |
| iShares Silver Trust (SLV) | that day | +1.62% | still updating |
| iShares Silver Trust (SLV) | three days earlier | +0.84% | final price |
| iShares Silver Trust (SLV) | five days earlier | +1.44% | final price |
| United States Oil Fund (USO) | that day | +2.37% | still updating |
| United States Oil Fund (USO) | three days earlier | +4.95% | final price |
| United States Oil Fund (USO) | five days earlier | +2.78% | final price |
| Select Sector Spdr Tr (XLE) | that day | +1.57% | still updating |
| Select Sector Spdr Tr (XLE) | three days earlier | -0.95% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +2.11% | final price |
| ExxonMobil Holdings (XOM) | that day | +1.25% | still updating |
| ExxonMobil Holdings (XOM) | three days earlier | +0.89% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | +3.07% | 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 28 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 72 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 28 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 49 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 70 days before publication. Filed 7 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 82 days before publication. Filed 8 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 77 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 79 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 82 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 212 stories about Strait of Hormuz from the past 7 days and 695 stories from the past 30. That is about its usual pace over the past month. “Gold, silver rebound after CPI-driven selloff, Hormuz tensions lift crude oil - Kitco AM Report” is tagged to Strait of Hormuz.
Who gains and who loses around United States Oil Fund (USO)
Likely winners
- XOM ExxonMobil Holdings
In “Gold, silver rebound after CPI-driven selloff, Hormuz tensions lift crude oil - Kitco AM 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 “oil” (oil) in this story
- CVX Chevron
In “Gold, silver rebound after CPI-driven selloff, Hormuz tensions lift crude oil - Kitco AM 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 “oil” (oil) in this story
No up or down call on file
- USO United States Oil Fund
United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Gold, silver rebound after CPI-driven selloff, Hormuz tensions lift crude oil - Kitco AM Report.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
- XLE Select Sector Spdr Tr
For “Gold, silver rebound after CPI-driven selloff, Hormuz tensions lift crude oil - Kitco AM 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 “oil” (oil) in this story
- GLD Spdr Gold Trust
Spdr Gold Trust (GLD) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Gold, silver rebound after CPI-driven selloff, Hormuz tensions lift crude oil - Kitco AM Report.” Reason on file: SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story
- SLV iShares Silver Trust
In “Gold, silver rebound after CPI-driven selloff, Hormuz tensions lift crude oil - Kitco AM Report,” iShares Silver Trust (SLV) is linked, with no stored direction, medium confidence. Reason on file: iShares Silver Trust: it follows the silver price. Linked by “silver” (silver) in this story
How energy news reaches United States Oil Fund (USO)
“Gold, silver rebound after CPI-driven selloff, Hormuz tensions lift crude oil - Kitco AM Report” (11 Nov 2026) reaches United States Oil Fund (USO) through Strait of Hormuz.
What ties United States Oil Fund (USO) to the headline is this: United States Oil Fund: its price follows crude oil. Linked by “oil” (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 “oil” (oil) in this story
Price levels for United States Oil Fund (USO)
GLD traded between 373.41 and 385.21 across 16 sessions. The latest close on file is 379.67. USO traded between 143.02 and 171.80 across 20 sessions. The latest close on file is 148.41. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.
How strong the case is around United States Oil Fund (USO)
46 out of 100Price not final
“Gold, silver rebound after CPI-driven selloff, Hormuz tensions lift crude oil - Kitco AM Report” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.