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Gold Surges on Iran Deal Hopes, Dollar Dips
Description
Gold prices surged by 1.6% following President Trumps hint at a potential end to Iran negotiations, as the dollar and Treasury yields retreated. This development, tied to Middle East conflict resolution, could ease inflation worries and prompt central banks to reconsider interest rates. Spot gold rose 1% to $4,534.33 an ounce, with silver, platinum, and palladium also gaining. The U.S. dollar index fell 0.2%, indicating a shift towards precious metals.
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