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Gold & Silver Market News — May 2, 2026, 12:10–16:10 UTC
May 2, 12:10 PM - 04:10 PM UTC
Geopolitical Tensions in Critical Waterways
An India-linked supertanker is reportedly testing a blockade in the Strait of Hormuz, a key maritime chokepoint, amid a domestic fuel crisis. The situation underscores the persistent geopolitical risks present in critical global shipping and energy supply routes.
Economic and Political Uncertainty in Focus
Analysts are monitoring political developments in the UK, where the Reform party is reportedly scaling back its tax pledges, adding to fiscal uncertainty. In a separate economic forecast, Bank of America estimated that nearly a quarter of all jobs worldwide could be exposed to disruption from artificial intelligence, highlighting potential long-term structural changes to the global economy.