Gold hits over 3-month high
Gold prices rose to their highest level in more than a month, following hopes of opening the Strait of Hormuz, but then declined again after more than two months amid ongoing tensions and concerns over supplies of the precious metal. At the same time, ship movements through the Bab al-Mandab Strait reached their highest level in a week, reflecting increased maritime activities and regional tensions. On another front, Gaza experienced new massacres resulting in the martyrdom of 11 people and injuries to others, amid a rising heatwave and weather warnings.
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