Energy prices fall and stock markets rise on hopes of an end to the Iran war
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Global financial markets
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Gold prices edge lower ahead of Federal Reserve interest-rate decision
Gold prices fell to $4,020 per ounce amid uncertainty over the Fed's upcoming interest-rate decision. Market expectations suggest a one-in-three chance of a quarter-point rate hike. Rising oil prices and Middle East tensions continue to influence market volatility.
Related book
The Prize: The Epic Quest for Oil, Money, and Power
Author: Daniel Yergin
This definitive history of the global oil industry explains how geopolitical tensions in the Middle East directly dictate energy prices and, by extension, global market stability.
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