Iran's Foreign Minister announced on April 17 that the Strait of Hormuz remains open to commercial vessels, leading to significant market fluctuations. Spot gold surged over 1% to exceed $4,840, while spot silver jumped nearly 4% to $81.30 per ounce. In contrast, U.S. and Brent crude oil prices plummeted, with WTI crude dropping 8% and Brent crude falling 7% on the day. The U.S. Dollar Index (DXY) also saw a brief decline of more than 20 points to 97.98, as non-U.S. currencies rallied. In the cryptocurrency sector, Bitcoin rebounded above $76,000, and Ethereum neared the $2,400 mark, reflecting the broader market's response to the geopolitical developments.