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Gold declines to near $4,600 amid escalating Middle East tensions
Gold price (XAU/USD) trades with mild losses around $4,605 during the early Asian trading hours on Monday. Traders will closely monitor the developments surrounding the ongoing geopolitical tensions. Federal Reserve (Fed) Bank of New York President John Williams is set to speak later on Monday. Bloomberg reported on Sunday that efforts to mediate an end to the Iran war persisted after US President Donald Trump hinted that Tehran’s latest peace proposal might not be enough to satisfy him. Trump also said that the US will begin guiding some neutral ships trapped in the Persian Gulf out through the Strait of Hormuz ... (full story)
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- May 3, 2026 9:51pm Posted byFundamental Analysis208
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