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Hormuz Deal Hopes Fuel Gold and Bitcoin Bounce

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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.

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