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Gold, Silver Rates Today: Comex Gold Jumps $109/oz, Silver Surges $4.5/oz as Strait of Hormuz Reopens
9 Articles
9 Articles
The news of the Strait of Hormuz opening has infused new energy into global markets. Iran's decision and US assurances signal a de-escalation of tensions, which has had a direct impact on gold and silver prices and the stock market. From the international to the domestic market, there is a bullish sentiment. Investors are now eyeing the next trading day, where further price fluctuations are possible.
Gold, silver rates today: Comex gold jumps $109/oz, silver surges $4.5/oz as Strait of Hormuz reopens
Precious metals saw gains on 17 April as safe-haven sentiment improved after Iran reopened the Strait of Hormuz, easing inflation concerns. Gold rose $109 to $4,917 and silver surged $4.53 to $83.24.
Silver Price Forecast: XAG/USD surges as Oil falls, Fed cuts eyed
Silver (XAG/USD) surges on Friday, trading around $82.60 at the time of writing, up 5.40% on the day as the US Dollar (USD) weakens and markets reassess the outlook for United States (US) monetary policy. The rally in the precious metal comes as geopolitical tensions in the Middle East show signs of easing. Iran’s Foreign Minister Abbas Araghchi announced that the Strait of Hormuz has been declared completely open for commercial vessels during t…
Gold Jumps Above US$4,850 as Iran Opens Strait of Hormuz
NewsGhana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/gold-jumps-above-us4850-as-iran-opens-strait-of-hormuz/Gold prices surged above USD 4,850 an ounce on Friday and are on course for a fourth consecutive weekly gain after Iran declared the Strait of Hormuz open to all commercial shipping during an ongoing ceasefire, sending oil prices sharply lower and easing fears of a prolonged inflationary spiral…
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