The market is keeping a close eye on the Strait of Hormuz after reports that a U.S. Apache helicopter went down near the strategic waterway

For now, both crew members have been rescued safely, and the cause of the incident is still being investigated.

It might not mean much for markets immediately, but any news involving the Strait of Hormuz tends to get attention because of its importance to global oil flows.

That's why traders are watching oil and gold closely. If tensions rise, $XAU could start seeing some safe-haven demand again.

For now, it's a story worth keeping on the radar while we wait for more details.