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