Gold price drops globally on June 26
Gold prices declined today, Friday, with the price of an ounce reaching approximately $4,023, heading toward a weekly loss of 3.4%. This decline is attributed to the strength of the US dollar and expectations of interest rate hikes in the United States, as well as rising geopolitical tensions following the halt of vessel escort operations in the Strait of Hormuz after an attack on one of the ships. These events have heightened concerns about the stability of the agreement between the United States and Iran.
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