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Gold Surges $109, Silver $4.53 as Hormuz Reopens

Comex gold jumped $109 to $4,917 per ounce and silver surged $4.53 to $83.24 on April 17 after Iran reopened the Strait of Hormuz, reducing geopolitical risk premiums in precious metals. The strait's reopening eased inflation fears linked to potential oil supply disruptions. Subsequent oil market moves will signal

Gold Jumps $38 on US-Iran Talks, Weak Dollar

Comex gold futures rose $38 to $4,861 per ounce on April 16 as US-Iran peace hopes and a weaker dollar lifted precious metals. Silver gained $1.60, reaching $81. Easing inflation concerns added to positive sentiment for bullion.

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