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Commodities

Gold Prices Soar Near $4,400 Amid Hormuz Uncertainty

Guavy AI Editorial Team
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Oil Gold
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Gold prices rose by 0.7% to near $4,400 an ounce on Wednesday as uncertainty over a U.S.-Iran deal to reopen the Strait of Hormuz pushed oil prices higher.

The Strait of Hormuz has been a key concern for global energy markets, and investors are closely watching developments in the region.

Pakistan's defense minister said that Washington and Tehran were close to an arrangement, while reports suggested diplomacy was still moving forward.

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