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Gold weekly outlook: Central banks and US-Iran deal eyed
Gold closed lower for the second consecutive week on Friday, although it finished the week well off its lows after rebounding on Thursday and holding on to some of those gains during Friday’s consolidation. The precious metal traded cautiously as markets awaited further developments regarding the US-Iran situation, and ahead of a busy week for central banks. The US dollar remained largely supported last week, driven by elevated oil prices, inflation concerns, and strong investor demand ahead of the highly anticipated SpaceX IPO on Friday. Markets were focused on developments surrounding a potential US-Iran ... (full story)