Gold falls, oil prices rise—this geopolitical script is increasingly looking like an arbitrage model for hedge funds

CoinJie.com news, on July 13, 2026, the opening price of gold futures was $4,106.60 per ounce, down 0.2% from Friday’s close. As of 8:29 a.m. Eastern Time, the gold price had fallen to $4,068.10. Due to airstrike clashes between the United States and Iran, the gold price continued to slide. Geopolitical events remain the main factor influencing precious metal prices. It is still unclear how the latest airstrikes affect shipping traffic in the Strait of Hormuz, and there are conflicting reports between Washington and Tehran about whether the strait is open and whether oil transport is operating normally. The escalation pushed oil prices up by more than 9% over the past five days.