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Commodities

Gold Falls Amidst Rising Tensions Between US and Iran

Guavy AI Editorial Team
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Oil Gold
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The price of gold has dipped slightly to around $4,446.50 an ounce amidst rising US Treasury yields and higher oil prices following renewed tensions between the US and Iran.

Silver, however, edged up modestly to $66.36 an ounce in response to these developments.

The geopolitical conflict near the Strait of Hormuz has pushed oil prices above $90 for Brent crude, increasing inflation concerns and the likelihood of further Fed rate hikes.

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