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The softer dollar supported gold, which climbed back above $4,000 after touching an eight-month low, while the euro recovered modestly but remained capped below key technical resistance. The yen stayed in focus as intervention speculation intensified following its slide to multi-decade lows.

Oil prices remained subdued as shipping through the Strait of Hormuz continued to normalize and US-Iran negotiations progressed, supporting expectations of improving global supply. 

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Daily Market Analysis (03.07.2026) by ZitaPlus

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