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- 1Gold holds above $4,000 ahead of Fed decision▼Gold holds above $4,000 as Hormuz diplomacy cools crude ahead of Fed decision - Kitco PM Report
Gold is trading above $4,000 an ounce as diplomatic efforts around the Strait of Hormuz ease tensions and cool crude oil prices, with markets also positioning ahead of the latest Federal Reserve decision. Investors are weighing the Fed's rate outlook against the geopolitical de-escalation, keeping bullion elevated despite softer oil prices.