Gold prices decline to a two-week low
Oil prices rose by 8% after the re-imposition of the naval blockade on Iran, leading to a sharp increase in oil prices and concerns about its impact on the global market. Conversely, gold prices dropped to their lowest point in two weeks, as escalating tensions between the United States and Iran caused oil prices, U.S. Treasury bond yields, and the dollar to rise, with investors awaiting U.S. inflation data and expectations of interest rate hikes.
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