Gold and silver futures settled higher while crude oil and the dollar pushed lower Friday, as Iran's announcement that the Strait of Hormuz is "completely open" to commercial traffic could set a path for ending the Middle East war and reducing recessionary risks. "Reopening the strait was a key event, and with oil prices under pressure, it is expected to ease inflation concerns and revive expectations of interest rate cuts — all good news ⁠for gold," Zaner Metals senior metals strategist Peter Grant said, adding that gold prices could see short-term gains back above the $5,000 level. The news is "particularly ... (full story)