Gold, silver ETFs and stocks jumped in morning trading, tracking prices of the bullion. ProShares Ultra Silver, Hycroft Mining, and Harmony Gold rose 9%; Endeavour Silver rose 8%; Fortuna Silver Mines rose 7%; US Gold Corp., Gold Fields, and First Majestic Silver rose 6%; Hecla Mining, Pan American Silver, Coeur Mining, iShares Silver Trust, and Anglogold Ashanti rose 5%; Eldorado and ProShares Ultra Gold rose 4%.
Spot gold up 1.2% at $4,846.28 per ounce, headed for a fourth consecutive weekly gain.
Prices rise as dollar weakens and Iran’s foreign minister says passage through the Strait of Hormuz remains open during the ceasefire.
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