Gold falls as oil climbs amidst US-Iran tensions
The article discusses the divergence in gold and oil prices amid tensions between the United States and Iran. Gold prices decreased by 0.5%, reaching approximately $4,068 per ounce, while oil prices rose again following renewed attacks between the two sides. These developments impacted shipping flows through the Strait of Hormuz and heightened regional tensions. The report also noted expectations of interest rate hikes by the Federal Reserve and their connection to movements in precious metals and energy commodities.
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