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Oil Prices Climb, Gold Steady
Oil prices rose today due to ongoing tensions around the Strait of Hormuz and a decline in the movement of oil tankers through the strait to the lowest level since the start of the U.S.-Israeli war on Iran, heightening concerns over supply shortages. Gold prices also steadied after reaching their lowest level in over a month, awaiting the Federal Reserve's decision on interest rate hikes, which could influence gold's appeal as a hedge against inflation and geopolitical risks.
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