Gold price today, Friday, March 27: Gold strengthens after President Trump extends Hormuz deadline - Yahoo Finance

Trump extending the Hormuz deadline tells us one thing: physical demand spikes when supply chains face disruption risk. The Strait of Hormuz handles 20% of global oil transit, and any threat there sends institutional money scrambling for real assets. Gold's response here isn't about the headline - it's about portfolio managers hedging currency debasement and supply shock risks. COMEX inventories have been bleeding for months while central banks keep buying. This geopolitical premium is just another layer on an already tight physical market. Smart stackers use these news-driven rallies to validate their thesis, not chase momentum.