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Gold Rebounds on Iran Ceasefire Hopes as Inflation Weighs on Metals

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

News Summary

  • Gold rebounded on Friday due to potential U.S.-Iran ceasefire hopes and lower oil prices, which reduce rate hike pressures.
  • Despite this, precious metals face monthly declines as high inflation and a firm Federal Reserve interest rate outlook continue to pressure non-yielding assets.
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4380.40 -5.11% over the displayed period

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