https://www.live-feeds.com/feed/banker-coin-defies-oil-shock-as-gold-sinksContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/banker-coin-defies-oil-shock-as-gold-sinkshttps://www.live-feeds.com/feed/banker-coin-defies-oil-shock-as-gold-sinks#u159620Wed, 28 Oct 2026 09:11:47 +0000Gold prices dropped below $4,000 and faced their steepest weekly decline since June as a broader market sell-off swept through precious metals. The drop coincided with soaring oil prices driven by new shipping attacks in the Strait of Hormuz and rising geopolitical tensions involving Iran. While traditional safe-haven assets stumbled and mining equities tumbled, alternative assets such as XRP managed to hold their ground against market pressures. Rising oil prices also bolstered expectations for a Federal Reserve rate hike in December.Why it mattersGeopolitical friction in the Middle East has