Spot gold rose 0.5% to $4,546.75/oz, up from one‑month low, as Hormuz tensions escalated.
US‑Iran clashes in Hormuz, with US destroying six Iranian boats and Iran striking a UAE oil facility, raised oil price concerns.
ING analysts say higher energy prices boost inflation worries, keeping interest rates high and weighing on gold despite safe‑haven demand.
Silver rose 0.7% to $73.23/oz and platinum up 1.9% to $1,983.26/oz, while copper showed mixed moves.