Gold holds near seven-week high as markets await Strait of Hormuz deal
Gold (XAU/USD) trims intraday gains on Thursday after briefly climbing above $4,300 as the US Dollar (USD) steadies while traders await confirmation of a possible Iran-Oman agreement on the Strait of Hormuz. At the time of writing, XAU/USD trades around $4,260, up 0.30% on the day.
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Also reported by 1 other outlet
- Gold: Hormuz optimism supports rally – ING fxstreet.com
