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Gold (XAUUSD) Rebounds on Ceasefire Hopes Amid Persistent Fed Rate Concerns

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • Gold prices rebounded slightly on news of a potential U.S.-Iran ceasefire extension.
  • However, bullion remains pressured by a 'higher-for-longer' interest rate outlook and tepid physical demand from major consumers like India and China, offsetting the brief relief rally.
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XAUUSD price history

4332.20 -9.10% over the displayed period

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