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Commodities

Gold Shines Amid Hormuz Hopes and Lower Yields

Guavy AI Editorial Team
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Gold
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Gold prices have risen by 0.75% to $4,106 as markets speculate about a potential reopening of the Strait of Hormuz and falling US Treasury yields.

The news comes after an Iranian Foreign Ministry spokesperson said that Iran and Oman are continuing talks on the Strait's status, with Tehran weighing whether to allow Europe to clear mines in the area.

US President Donald Trump posted about a potential deal on denuclearization, further fueling optimism.

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