Crude Oil Prices Gain After US Military Carries Out Fresh Air Strikes On Iran; Precious Metals Fall Spencer Strider [qbx5VnOyU5k]

Crude oil prices jumped after the US struck Iran and reinstated trade sanctions following attacks on tankers in the Strait of Hormuz. Brent crude oil price gained 1.83% to $75.52 a barrel, while the US West Texas Intermediate (WTI) crude rallied 1.97% to $71.83.

Meanwhile, gold prices eased to its lowest level in nearly a week amid a stronger dollar. Spot gold price fell 0.1% to $4,100.32 per ounce, while US gold futures for August delivery shed 1.1% to $4,112.50. Spot silver prices fell 0.3% to $59.82 per ounce.

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