Daily Market Report
➢Gold (XAU/USD) drops below $4,785, trading near $4,790.
➢ Prices fall about 0.7% amid stronger yields and rising oil.
➢US-Iran tensions escalate, especially around Strait of Hormuz.
➢Iran shuts Hormuz; US seizes Iranian-linked vessel.
➢Geopolitical risks fail to boost gold significantly.
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