# Gold drops as Hormuz blockade lifts dollar, dents Fed rate cut bets | MarketScreener

> Gold hit a near one-week low on April 13 after the US moved to blockade Iranian ports and peace talks broke down. Oil rose above $100 and the dollar strengthened, prompting traders to pare expectations of Fed rate cuts.

- Date: 2026-04-13 · published 2026-04-13T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/19648-gold-drops-as-hormuz-blockade-lifts-dollar-dents-fed-rate-cut-bets
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Renewed Hormuz disruption lifted crude and inflation expectations, which supports energy-linked input costs for feed. A stronger dollar also tends to weigh on dollar-priced commodities.

## Read by commodity

- DXY: bullish ▲
- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-03-02 | [Dollar (USD) Gains as Higher Oil Prices Damp Bets on Fed Rate Cuts - Bloomberg](https://feedsoft.ai/events/10711-dollar-usd-gains-as-higher-oil-prices-damp-bets-on-fed-rate-cuts-bloomberg.md) | +35.6% | +50.4% |
| WTI | 2026-04-01 | [Oil soars then retreats, gold drops as Iran war jolts global commodity markets](https://feedsoft.ai/events/6640-oil-soars-then-retreats-gold-drops-as-iran-war-jolts-global-commodity-markets.md) | -6.6% | +6.7% |
| WTI | 2026-07-08 | [LatAm assets slide with global markets after Trump says Iran deal 'over' \| MarketScreener](https://feedsoft.ai/events/18630-latam-assets-slide-with-global-markets-after-trump-says-iran-deal-over.md) | +12.5% | +7.9% |
| WTI | 2026-04-28 | [Oil Prices Surge as Hormuz Tensions Push WTI Near $100 and Brent Above $111, Threatening Global Energy Markets](https://feedsoft.ai/events/19906-oil-prices-surge-as-hormuz-tensions-push-wti-near-100-and-brent-above-111.md) | +10.1% | -2.4% |
| WTI | 2026-04-09 | [Market Talk \| Volatility Returns As Energy Markets Grapple With Strait Of Hormuz Shutdown](https://feedsoft.ai/events/10460-market-talk-volatility-returns-as-energy-markets-grapple-with-strait-of-hormuz.md) | -3.3% | +2.0% |
| BRENT | 2026-03-02 | [Dollar (USD) Gains as Higher Oil Prices Damp Bets on Fed Rate Cuts - Bloomberg](https://feedsoft.ai/events/10711-dollar-usd-gains-as-higher-oil-prices-damp-bets-on-fed-rate-cuts-bloomberg.md) | +31.0% | +62.6% |
| BRENT | 2026-03-30 | [Canadian dollar hits nearly four-month low as war raises growth concerns \| MarketScreener Canada](https://feedsoft.ai/events/20392-canadian-dollar-hits-nearly-four-month-low-as-war-raises-growth-concerns.md) | +1.2% | -5.1% |
| BRENT | 2026-03-04 | [Dollar firms, euro stumbles as energy prices surge \| MarketScreener](https://feedsoft.ai/events/11005-dollar-firms-euro-stumbles-as-energy-prices-surge-marketscreener.md) | +7.9% | +48.7% |

## Sources

- marketscreener.com: https://www.marketscreener.com/news/gold-drops-as-hormuz-blockade-lifts-dollar-dents-fed-rate-cut-bets-ce7e50d9d08ff626

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.