Gold Jumps 1% as Iran Reopens Hormuz

Gold spot price jumped 1.1% to $4,843.17/oz and futures rose 1.2% to $4,865.09/oz after Iran opened Strait of Hormuz.
Brent crude futures fell 8.3% as the waterway reopened, easing supply concerns and boosting U.S. equity futures.
President Donald Trump announced a 10‑day Israel‑Lebanon ceasefire and signaled possible U.S.–Iran talks, linking sanctions relief to nuclear commitments.
Analysts note that despite the de‑escalation, range‑bound markets may persist as rate‑hike expectations and a strong dollar keep gold under pressure.