The Hindu·2 min read·medium
West Asia LIVE: Oil prices slip as Iran-Oman talks fuel hopes for U.S.-Iran peace deal
T
The Hindu Bureau
✦AI Summary
Gold prices have reached a seven-week high as oil prices decline due to potential progress in Iran-Oman peace talks. Investors are reacting to the possibility of a U.S.-Iran deal that could reopen the Strait of Hormuz.
Gold advanced for a fourth straight session on Thursday (April 6, 2026)and touched its highest level in seven weeks, helped by weaker oil prices, a softer dollar and lower Treasury yields, on growing hopes over the Strait of Hormuz reopening.
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