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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Gold advanced, as traders weighed prospects for a deal to reopen the Strait of Hormuz while awaiting US inflation data that could provide fresh clues on the Federal Reserve’s interest-rate path. Bullion rose as much as 1.1% to return above $4,400 an ounce, a day after pulling back from a two-month high. Pakistan’s defense minister said the US and Iran are “close to some sort of arrangement” to reopen Hormuz , even after both sides appeared to toughen their stances on the waterway that’s crucial to global energy flows.
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