Gold prices reach $4,067 amid tensions

Gold prices globally declined today, with the spot price dropping by 0.5% to approximately $4,068 per ounce, amid rising oil prices due to renewed tensions between the United States and Iran. Despite the threats, Iran and Washington announced a temporary ceasefire in the Gulf and recommencement of negotiations. Meanwhile, markets are expecting three increases in U.S. interest rates this year, with a 77% probability in December.

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