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Gold is extending this week's pullback toward $4,550, declining for the fourth straight day on Friday amid a sustained US Dollar buying interest. In fact, the USD Index (DXY) hit its highest level since April 8 amid increased hawkish Fed bets-led higher US Treasury yields.
#XAUUAD spot price is experiencing a significant downturn, trading around $4,700–$4,835 per ounce, with some sources showing high volatility and sharp declines below $4,800 following hawkish Federal Reserve signals.
The price has slumped due to pressure on #interest_rate cuts, falling from a daily high near $4,898 to lows near $4,671, according to.
@Oil and gas prices continued to rise on Tuesday after an Iranian official said his country would "set fire to anyone who tries to pass through" the #StraitOfHormuz as the conflict between his country and the US and Israel continued.
#CrudeOil gains on rising fears of potential US-Iran military clash.
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Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $32.58 per troy ounce, up 0.37% from the $32.46 it cost on Thursday.
Silver prices have increased by 12.76% since the beginning of the year.
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