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Global Oil and Gold Price Increase
Oil prices rose by more than 1% amid ongoing uncertainty regarding the Hormuz Strait negotiations, with Brent crude futures increasing by $1.06 to $83.55 per barrel, and West Texas Intermediate crude advancing by 89 cents to $78.18. Gold prices also hit their highest level in about a month, rising by $96.2 to reach $4,342.80 per ounce, after a slight decline the previous day, supported by reduced fears of an increase in U.S. interest rates.
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