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Gold Surges on US-Iran Deal Progress — But Experts Urge Caution Before Celebrating

From moneycheck.com

Precious metals experienced a notable uptick Monday as diplomatic developments between Washington and Tehran improved market sentiment and weakened the US dollar. Spot gold advanced 1.2% to reach $4,561.41 per ounce during London market hours. Futures contracts for gold increased 0.8% to $4,593.34 per ounce. Silver demonstrated even stronger momentum, surging 3.1% to $77.86, while both platinum and palladium posted gains. The upward movement followed weekend comments from President Donald Trump indicating that negotiators had “largely completed” a framework for a peace agreement with Iran. Trump emphasized his ... (full story)

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  • Category: Fundamental Analysis