Gold Reaches One-Month High Amid Reports That Strait of Hormuz Is 'Completely Open'
Gold and silver futures rose while crude oil and the U.S. dollar declined following Iran's statement that the Strait of Hormuz is 'completely open' to commercial traffic, signaling potential de-escalation in the Middle East and reducing recessionary risks. The development has influenced market sentiment, with gold benefiting from perceived safe-haven demand.
Tickers: $GLD
Topics: Crude Oil Geopolitical Tensions Gold Iran Silver Strait of Hormuz U.S. Dollar