Gold edges up as rate-hike fears ease; Fed rate decision in focus
From brecorder.com
Gold edged higher on Wednesday, extending gains for a fifth straight session, as optimism around the US-Iran peace deal eased concerns over ​interest rate hikes, while investors awaited further details on the deal and the Federal Reserve’s policy meeting. Spot gold was up 0.4% at $4,348.93 per ounce, as of 0107 GMT. US gold futures for August delivery rose 0.3% to $4,368.40. Details began to emerge of the US and Iran’s interim agreement to ​end the war in the Middle East, with US President ⁠Donald Trump saying it will rule out a nuclear weapon for Tehran ​and a US official saying it allows Iran to sell oil upon ...
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