Oil climbs as tensions persist gold falls with rate pressures
The article discusses the movements in the oil and gold markets amid escalating geopolitical tensions and global economic pressures. Oil prices rose significantly, with Brent crude reaching around $98 per barrel, amid fears that threats in the Middle East could lead to supply disruptions and a decline in global inventories. Conversely, gold prices fell by approximately 4.1%, approaching their lowest levels in two months, due to expectations of a US interest rate hike and the increased attractiveness of the dollar, despite ongoing factors supporting gold as a safe haven.
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