Oil Plummets Amid Easing Tensions, Gold Fails to Rise Ahead of FED Rate Decision

The recent end of conflicts between the US and Iran has caused oil prices to plummet by 13.53% to $85.34 per barrel, marking a sharp decline in yesterday's trading.

This unexpected drop in oil prices was followed by a corresponding decrease in gold prices, which fell to $4,045 per ounce despite expectations that it would rise as a safe haven asset.

The global markets are now focused on the interest rate decision to be announced tomorrow by the US Federal Reserve (FED), with the probability of an interest rate hike rising to 38% in the markets.