
April 17, 2026
Article from Bloomberg by Yvonne Yue Li
Article Synopsis
Gold prices climbed to a one-month high after Iran announced the Strait of Hormuz was “completely open” to commercial shipping, easing fears of prolonged energy supply disruptions. The move pushed oil prices sharply lower and weakened the U.S. dollar, which helped boost gold and strengthened expectations for potential interest-rate cuts.





