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Gold Faces Second Weekly Drop Amid U.S.-Iran Peace Negotiations
Precious metal markets showed marginal gains Friday while maintaining a trajectory toward weekly losses, with market participants closely monitoring diplomatic developments between Washington and Tehran. Bullion prices climbed 0.3% to approximately $4,224 per ounce during London market hours. However, the modest intraday advance masks a broader weekly retreat exceeding 2%, marking consecutive weeks of downward pressure. According to Iran’s semi-official Mehr news agency, bilateral negotiations encompass a comprehensive 14-point framework. Key provisions reportedly feature the reopening of crucial maritime passages ... (full story)