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Gold & Silver Market News — May 2, 2026, 16:10–20:10 UTC

May 2, 04:10 PM - 08:10 PM UTC

Geopolitical Tensions Raise Economic Concerns

Analysts are monitoring the potential for a prolonged closure of the Strait of Hormuz, noting that such an event could elevate the risk of a recession in the Eurozone. The focus is on the potential disruption to global energy supplies and the subsequent impact on economic stability.