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Gold Prices Rise on Iran Peace Proposal, Fed Data in Focus

Published 2 days, 6 hours ago
Description

Gold prices edged up on Friday, reaching over $2,335 per ounce, as a U.S. peace proposal to Iran weakened the dollar and lowered oil prices, attracting overseas buyers. Despite potential Middle East tension relief, a hawkish Fed stance may dampen the recent gold rally. Todays personal consumption expenditures data will influence rate-cut expectations, impacting gold prices. Silver, platinum, and palladium also saw modest gains.

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