Markets shift as U.S. stocks rise

SpaceX celebrates its first appearance on the Nasdaq stock exchange, with its shares soaring by a significant 27.4% to reach $172 after the first trading session. This surge contributed to a rise in the U.S. markets, fueled by hopes of easing tensions between the United States and Iran. Meanwhile, oil prices dropped by more than 3% amid expectations of reopening the Strait of Hormuz, while gold declined for the second consecutive week as markets await the Federal Reserve's decisions on interest rate hikes.

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