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Despite Iran optimism, gold nears $4,800 as the dollar holds gains, pulling prices from highs today

From vtmarkets.com

Gold eased from a nearly four-week high and held above $4,800 as the US dollar recovered from its lowest level since early March. Uncertainty over a lasting US-Iran agreement, plus tension around the Strait of Hormuz, supported the dollar and weighed on gold. Iran’s UN ambassador said the US blockade that began on Monday was a grave violation of sovereignty, and the IRGC said it would retaliate. US Vice President JD Vance said Washington is pursuing a broader deal on Iran’s economic integration, and UN Secretary-General António Guterres said renewed US-Iran talks are highly probable. US inflation data weakened the ... (full story)

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  • Category: Fundamental Analysis