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Gold and Silver Stage Dramatic Late-Session Rebound as Iran Tensions Show Signs of Easing
Precious metals surge in final hour of trading after suffering worst weekly performance in over four decades. Gold mounted a dramatic late-session rally on Monday, with spot prices breaking out above $4,400 and climbing sharply in the final hour of trading—a move that may signal an end to the punishing ten-day losing streak that has defined the market since the Iran conflict erupted. As of 4:58 PM EST, spot gold was trading at $4,474, up $68 or 1.53% on the day. Silver followed suit, surging from $69 to $71.22—a gain of $2.13 or 3.07%—in a coordinated breakout that began around 4:15 PM EST. The rebound came ... (full story)