Gold rises as Iran reopens Hormuz, Oil plunges and Fed rate cut bets strengthen
Gold (XAU/USD) gains traction on Friday as US-Iran deal hopes and the reopening of the Strait of Hormuz push Oil prices lower, easing inflation pressure and reinforcing expectations of Federal Reserve (Fed) interest rate cuts.
Gold (XAU/USD) gains traction on Friday as US-Iran deal hopes and the reopening of the Strait of Hormuz push Oil prices lower, easing inflation pressure and reinforcing expectations of Federal Reserve (Fed) interest rate cuts.
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