General "Gold Holds Firm as Oil Surge Fuels Inflation Fears")
Gold Holds Firm as Oil Surge Fuels Inflation Fears
By Krihaa News Team
•2 hours ago
•1 min read
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Key Highlights
- 1Gold prices traded almost unchanged on Thursday after reaching their highest level in seven weeks earlier in the day.
- 2The move came as oil prices surged following reports that Iran is reviewing restrictions on "hostile" vessels passing through the Strait of Hormuz, reviving fears of higher inflation.
- 3Spot gold held near $4,244 per ounce, while U.S.
✓Fact-Checked by Krihaa Editorial
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