Gold surges past $4,850 as Hormuz reopening crushes the US Dollar
Gold (XAU/USD) price rallies on Friday ahead of the weekend, breaking past the $4,850 level and rising more than 1.50%, as the US-Iran conflict seems to be de-escalating after Iran reopened the Strait of Hormuz, easing inflationary pressures worldwide. Energy prices tumble, with WTI, the US crude oil benchmark, down more than 9%, while the US Dollar falls to…



