Oil and gold increase as dollar falls

Gold prices rose today by 1.51%, reaching $4,188.10 per ounce, amid a decline in the dollar and reduced expectations of a US interest rate hike following weak employment data in the United States. Oil prices surged close to pre-war levels between the U.S. and Iran, as shipping traffic through the Strait of Hormuz continued to recover and concerns over tightening US monetary policies diminished.

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