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Oil Plunges 5% on Iran Deal Hopes, Treasury Yields Slide Broadly

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Progress toward an Iran diplomatic deal sent oil prices down ~5%, easing inflation fears and curbing expectations for further Fed rate hikes.
  • Treasury yields fell, weakening the dollar broadly while boosting gold's appeal as a lower-rate hedge.
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