Oil climbs on supply worries; gold advances
The article discusses the rise in oil and gold prices due to concerns over global supply and the decreasing fears of an American interest rate hike. Futures prices for Brent crude increased to $90.87 per barrel, while West Texas Intermediate rose to $84.50, amid fears of escalating tensions with Iran. Gold prices also climbed for the third consecutive session as worries about the US interest rate hike diminished, with the price per ounce reaching approximately $4,431. The article highlights the impact of geopolitical and economic events on global oil and gold markets.
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