18 Hrs
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الاقتصادية
Gold holds steady ahead of Hormuz opening
Gold prices maintained their gains following the U.S. President's statement regarding the potential reopening of the Strait of Hormuz, approaching $4,315 per ounce after rising by 2.2%. This came after the announcement of a provisional agreement between the United States and Iran to end the war and lift the maritime blockade. The deal has alleviated concerns associated with regional tensions, supporting a roughly 2.5% increase in gold prices, despite allies remaining cautious about the speed of resuming the flow of goods through the strait. Meanwhile, oil prices remained low around $81-$83 per barrel amid anticipation of the central bank's decision on interest rate hikes.
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