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الوطن
Gold gains as Strait tensions increase
Global gold prices have risen by 1.03%, approaching the level of $4,016.95 per ounce, amid escalating geopolitical tensions around the Strait of Hormuz between the United States and Iran. This has prompted investors to abandon technology stocks and shift their financial positions to gold as a safe haven. This increase resulted from growing geopolitical and economic risks, especially with rising oil prices and falling technology shares, reflecting concerns over an intensifying war in the region and investors' hedging against risks.
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