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Gold Plummeted After the Fed's Decision, but Half of the Decline Has Been Recovered
Gold jumped 1.6% today to $4,297
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Gold jumped 1.6% today to $4,297 per ounce, recovering from the previous session's decline. The catalyst was the signing of a temporary peace agreement between the U.S. and Iran—Trump and Iranian officials formalized the memorandum electronically. However, it remains unclear whether the Strait of Hormuz has indeed been opened, and this uncertainty is preventing the rebound from turning into a full reversal.Currently, two competing narratives are influencing gold. The first is positive: declining oil prices are easing inflation expectations, which
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2026
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Maxim Magdalinin
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