US Stock Futures Jump on Possible Breakthrough on Strait of Hormuz Shipping Arrangements. Spot Gold Jumps 1% While Spot Silver Gains over 2%

TigerMay 7, 2026 7:35 AM

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US stock futures jumped on possible breakthrough on Strait of Hormuz shipping arrangements.

Al Hadath sources say understandings have been reached to ease the blockade in exchange for a gradual reopening of the Strait of Hormuz, with intensive talks ongoing to restore transit. Arabic sources report that the coming hours may bring a breakthrough regarding ships currently stuck in the strait.

Spot silver rose 2.66% to $79.42 per ounce; spot gold rose 1% to $4,741.25 per ounce.

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