Gold declines as oil prices climb
Gold prices declined after U.S. inflation data limited their gains, while oil prices rose by more than 2%, boosting expectations of weekly gains for major assets. Recently, gold had climbed to a three-month high before pulling back, while Iran took a step toward strengthening its presence in the Strait of Hormuz, confirming its control over the area amid ongoing violations by the occupation of the ceasefire agreement in the Gaza Strip.
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