Iran export waivers tighten, gold nears 4200 while oil drops
Oil prices declined significantly following the diplomatic talks between the United States and Iran in Switzerland, which resulted in vital waivers for Iran's oil and petrochemical exports. This helped ease fears of a global supply shortage. Meanwhile, gold reached record highs near $4,195.20 per ounce, and the US dollar remained stable as markets awaited Federal Reserve decisions. The precious metals markets experienced sharp fluctuations amid ongoing military tensions in the region.
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