Gold price (XAU/USD) trades 0.4% higher to near $3,995.00 during the European trading session on Friday. The yellow metal stabilized after a corrective move on Thursday, which followed a fresh all-time high of nearly $4,060 posted on Wednesday. Four-day winning streak in the precious metal halted after Israel and Hamas signed a ceasefire agreement to end the war in Gaza. According to the first phase of the ceasefire, the Israeli army has released hostages and Hamas has now 72 hours to release Israeli hostages, BBC News reported. Theoretically, easing geopolitical tensions diminishes demand for safe-haven assets, such ... (full story)