Global gold drops, oil steady
Gold prices declined by 0.6% to $4,495.69 per ounce, marking their lowest level since early June. Meanwhile, oil prices remained steady at the start of trading as market participants assessed expectations regarding the ongoing conflict between the United States and Iran, as well as maritime security in the Strait of Hormuz. Brent contracts rose to $91.87 per barrel, while West Texas Intermediate fell to $85.81, with regional tensions continuing to influence global markets.
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