Gold Gains as Oil Declines on Hormuz Hopes
Gold prices rose today after falling more than 1% in the previous session, reaching $4,607.06 per ounce in spot transactions. Expectations are now awaiting the Federal Reserve Chairman's remarks regarding the interest rate trajectory, amid disputes over inflation and a fourth consecutive session of declining oil prices, following forecasts of potential talks between Iran and Qatar concerning the Strait of Hormuz and efforts to reduce disruptions in oil supplies.
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