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Gold Surges Past $4,650 as Dollar Weakens and Iran Tensions Escalate

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The Story

News Summary

  • Gold climbed above $4,650 per ounce, reaching multi-month highs on the back of a weaker US dollar and rising geopolitical tensions between the US and Iran.
  • Traders are currently focused on upcoming PCE inflation data and Fed commentary at Jackson Hole.
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XAUUSD price history

4318.80 -5.88% over the displayed period

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