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Market Impact: 0.65
Gold Edges Higher As Oil Prices And Yields Ease
Source: Nasdaq
Commodities & Raw MaterialsGeopolitics & WarEnergy Markets & PricesInterest Rates & Yields
Gold rose toward $4,300 per ounce on Friday as the government-debt sell-off eased and oil retreated from recent highs. Reports that Iran submitted a proposal to the U.S. to end the war and reopen the Strait of Hormuz within seven days supported de-escalation expectations, though the proposal remains a significant geopolitical uncertainty.
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