Global oil dropping and gold rising
Oil prices have declined for the fourth consecutive day amid ongoing tensions in the Middle East, with expectations of a possible recovery following diplomatic moves between Iran and Qatar to reopen the Strait of Hormuz, which could help stabilize supplies. In contrast, gold prices worldwide increased after a significant drop in the previous session, as markets awaited the speech of U.S. Federal Reserve Chairman Kevin Worsh, expected to impact the direction of the yellow metal.
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