Gold Miners Rally 4-6% as Hormuz Opens

Gold mining stocks jumped after Iran announced the Strait of Hormuz stays open for commercial vessels during the Lebanon ceasefire.
Newmont (+2.2%), Sibanye Stillwater (+4.6%), Barrick (+2.1%), Harmony Gold (+6.3%), Kinross (+1.9%) and AngloGold Ashanti (+3.3%) led gains; gold futures rose ~1.5%.
Crude oil WTI fell about 10% to just above $85 per barrel, dragging energy‑related stocks lower.
Iran’s Foreign Minister Abbas Araghchi confirmed the opening on X, citing the Ports and Maritime Organisation’s coordinated route.