Iran offers to reopen Strait of Hormuz: what it means for gold and markets
Iran has proposed reopening the Strait of Hormuz if the US eases military pressure. Analysts say this could lower oil prices and support gold, affecting Indian markets.
Gold Market
Iran has proposed reopening the Strait of Hormuz if the US eases military pressure. Analysts say this could lower oil prices and support gold, affecting Indian markets.
Crude oil posted its first weekly decline in three weeks as improved flows through the Strait of Hormuz eased supply fears. Brent fell over 5%, WTI over 4%. The move has implications for gold.