Will history repeat itself? Gold: 1970s vs Now 1973: Middle East war → Oil crisis → Inflation rises → Gold strengthens 1979: Another oil crisis → Gold hits a historic high Now: Oil prices surpass $100, Hormuz Strait faces disruption risks, global supply under pressure The Fed is caught between controlling inflation and supporting growth Gold surged to $5,000 in January 2026, then pulled back to around $4,300 before climbing again …