Gold Holds Decline as Oil Rallies Further
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Gold remains near $5,000 per ounce after a two-week decline, while oil prices continue to rise following US attacks on Iran's oil-export hub. The ongoing US-Israeli conflict with Iran has unsettled financial markets, leading to higher energy prices and inflation concerns. This has diminished expectations for interest rate cuts by the US Federal Reserve and other major central banks, which are expected to maintain their current policy rates this week.
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