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Gold gains as hopes for US-Iran diplomacy cool oil price rally

Gold prices saw an increase as oil prices softened due to diplomatic efforts. Yemen's Houthis threatened a naval blockade, which could disrupt oil shipping routes. This situation comes amid ongoing tensions between the United States and Iran. Mediators have presented proposals to Tehran, indicating active diplomatic contacts. Meanwhile, Russia's gold reserves have seen a slight decrease this year.

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Economic TimesLean R·8h ago
Gold gains as hopes for US-Iran diplomacy cool oil price rally
Gold prices saw an increase as oil prices softened due to diplomatic efforts. Yemen's Houthis threatened a naval blockade, which could disrupt oil shipping routes. This situation comes amid ongoing tensions between the United States and Iran. Mediators have presented proposals to Tehran, indicating active diplomatic contacts. Meanwhile, Russia's gold reserves have seen a slight decrease this year.
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Gold gains as hopes for US-Iran diplomacy cool oil price rally

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Gold gains as hopes for US-Iran diplomacy cool oil price rally

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