GeneralBearishBlockonomi · 5h ago7/10
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Gold Plunges Nearly 2% as Strait of Hormuz Tensions Reignite Market Fears
Gold prices fell nearly 2% on Monday as geopolitical tensions in the Strait of Hormuz triggered a 7% surge in oil prices, amplifying inflation concerns and strengthening the US dollar. The escalation coincided with stalled Iran nuclear negotiations, creating a risk-off environment that pressured precious metals despite their traditional safe-haven status.