Hormuz Deal Hopes Fuel Gold and Bitcoin Bounce
Geopolitical tensions have eased following US President Donald Trump's statement that progress has been made in talks to reopen the Strait of Hormuz.
This development has contributed to a rise in gold prices, with the precious metal trading near $4,250, up over 4% on Wednesday.
Bitcoin is also showing signs of strengthening momentum, with its price edging higher towards the resistance at $65,000 as investors increasingly take on more risk.