Gold drops as oil gains over 2%
Gold prices declined by more than half a dollar amid anticipation of remarks from U.S. Federal Reserve Board Chair Jerome Powell regarding monetary policy, following a peak in over three months. Meanwhile, oil prices rose by more than 2% after a three-session losing streak, with Brent reaching $89.70 per barrel and West Texas Intermediate hitting $83.53, driven by increased demand and expectations of an improvement in global prices.
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