From Hormuz to Washington: Events Ignite the Oil and Gold Markets
Oil prices rose supported by supply developments and geopolitical risks, with West Texas Intermediate reaching $69.24 per barrel and Brent crude rising to $72.81 per barrel, as investors monitored Trump's statements and developments in the Strait of Hormuz. In contrast, gold prices declined by 0.69% to $4,138.70 per ounce, amid anticipation of the Federal Reserve meeting minutes and their impact on interest rates, with gold continuing its decline of over 25% since the beginning of the year.
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