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Gold and silver prices fell. Over the weekend, the US and Iran once again launched a new round of attacks against each other, boosting energy prices and once again raising market expectations that the central bank will raise interest rates to curb inflation. Spot gold prices once fell 1.6% to close to $4,050 an ounce, falling 1.4% last week. Currently, the navigation situation in the Strait of Hormuz remains chaotic. The US denies Iran's claim that the waterway has been closed until further notice. The Central Command said that the US military has launched an attack for the fourth time in a week in response to an attack on a container ship. On Monday, the price of silver fell by 3.1% for a while.
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Gold and silver prices fell. Over the weekend, the US and Iran once again launched a new round of attacks against each other, boosting energy prices and once again raising market expectations that the central bank will raise interest rates to curb inflation. Spot gold prices once fell 1.6% to close to $4,050 an ounce, falling 1.4% last week. Currently, the navigation situation in the Strait of Hormuz remains chaotic. The US denies Iran's claim that the waterway has been closed until further notice. The Central Command said that the US military has launched an attack for the fourth time in a week in response to an attack on a container ship. On Monday, the price of silver fell by 3.1% for a while.
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