Gold drops as dollar rises; oil declines
Gold prices today declined by 0.7% to reach $4,044.81 per ounce due to the strengthening of the dollar, amid anticipation of the U.S. Federal Reserve's decision on interest rates. At the same time, oil prices fell by more than a dollar per barrel, amid hopes of reaching a resolution to the war between the United States and Iran. Brent crude dropped to its lowest level since July 20 at $86.89, while West Texas Intermediate fell to $81.16.
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