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Surprising US-Iran Peace Talks: Gold and Silver Surge, Oil Prices Fall

By Lockridge Okoth

Gold and silver jump as oil slides on Iran talks. See why Bitcoin is missing out and where the $430 billion claim comes from. The post Surprising US-Iran Peace Talks: Gold and Silver Surge, Oil Prices Fall appeared first on BeInCrypto.

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Explained in this story

Crude oil

Unrefined petroleum extracted from the ground; Brent and WTI are its main global price benchmarks.

Oil prices feed into fuel, transport and goods costs, and so into inflation.

More about Crude oil

Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

More about Bitcoin

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