Oil declines below $80
Gold prices in the spot market fell by 0.82% to around $4,222 per ounce. Oil prices also declined after a temporary agreement was signed between Washington and Tehran to halt the war for 60 days. Meanwhile, gold futures contracts gave up their previous gains, and Brent crude dropped to $77.53 per barrel, while WTI fell to $74.56, amid fears of a potential military escalation by the United States and Iran.
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