On Thursday, gold reached its highest point in seven weeks as spot prices climbed 1.1% to $4,293.94 per ounce. This marks the fourth consecutive day of gains for the precious metal, which has risen by almost 6% this week following an agreement between Iran and Oman regarding a shipping route via the Strait of Hormuz. The upward trend is being bolstered by a decline in both the US dollar and Treasury yields.
by shortkt.com✓