Gold prices surged after Iran fully reopened the Strait of Hormuz through April 22, easing oil prices and reducing inflationary pressure. The U.S. dollar weakened alongside the move, providing additional support for bullion. The article points to a geopolitically driven shift in commodity and FX markets rather than a change in fundamentals.
Gold prices surged after Iran fully reopened the Strait of Hormuz through April 22, easing oil prices and reducing inflationary pressure. The U.S. dollar weakened alongside the move, providing additional support for bullion. The article points to a geopolitically driven shift in commodity and FX markets rather than a change in fundamentals.
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