Oil falls over 4.5% as markets await Fed decision

Oil and gold prices declined following President Donald Trump's announcement of the United States' intention to end the war with Iran, indicating Iran's agreement not to possess nuclear weapons. Oil prices dropped by more than 4.6%, with Brent crude falling to $86 per barrel and U.S. crude to around $83. Gold also fell about 0.7%, reaching $4,183 per ounce, amid ongoing geopolitical tensions and their impact on the markets.

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