Gold climbs as oil gains slow amid US-Iran talks

Gold prices rose to around $4,024 per ounce amid a decline in oil prices resulting from diplomatic efforts to contain tensions between Washington and Tehran. This follows threats from the Houthis to impose a naval blockade on Saudi Arabia, which could lead to a renewed surge in oil prices and disrupt global supplies. This escalation comes despite signs of potential resumption of diplomatic negotiations, although the risk of closing the Bab el-Mandeb Strait remains, threatening global oil supplies. Meanwhile, Russia's gold reserves decreased, while other precious metals such as silver and others saw an increase.

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