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Gold Surges as US-iran Talk Optimism Pressures US Dollar
Spot gold traded around $4,840 an ounce in early Asian hours on Wednesday, buoyed by hopes for renewed US-Iran peace talks that weakened the dollar and tempered inflation worries from energy risks. The metal held most of a 2.1 percent advance from the prior session amid reports Washington and Tehran eye a second round of negotiations. US President Donald Trump indicated talks could resume within days. Bullion trading stood at $4,838.53 per ounce, down 0.1 percent on the day as of 7:13 a.m. Singapore time. The Bloomberg Dollar Spot Index held steady after a 0.3 percent drop in the previous session, making gold cheaper ... (full story)