Oil hits 3-month low as gold ascends
Oil prices declined by approximately 5% by the end of trading, marking their lowest level in three months, after details of a temporary agreement to end the Middle East war and reopen the Hormuz Strait emerged. Brent crude fell to $78.96, while US crude dropped to $76.05. Meanwhile, gold prices rose by 1% amid a decline in expectations of an interest rate hike in the United States, with the spot price reaching $4,338.86 per ounce.
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