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Gold Hits 3-Month High as Oil Falls Ahead of Bessent’s Iran Sanctions Announcement

Gold silver price today Iran sanctions: two trading monitors show gold prices trending upward and oil prices trending downward on the same day.

Gold hit a fresh three-month high and silver turned positive today, both ahead of Treasury Secretary Bessent’s 2 PM ET press conference unveiling new Iran sanctions. But oil is falling into the announcement, the opposite of what a “tougher sanctions” headline usually does to markets. Here’s the mechanism actually driving today’s move, and why it isn’t really about Iran.

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