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Gold jumps, oil prices tumble after US-Iran peace deal paves way for reopening of Strait of Hormuz (opens original article in a new tab)

TL;DR

Gold jumps and oil prices tumble after US-Iran peace deal aims to reopen Strait of Hormuz

  • Gold rises more than 1% following US-Iran peace deal
  • Brent crude falls around 4% after agreement to end hostilities
  • Signing ceremony scheduled for June 19 in Switzerland
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