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Gold rebounds as US dollar softens and Trump signals Iran open to a new deal

From atfx.com

Gold climbed more than 1% on Thursday from a one‑week low, lifted by a softer dollar and ebbing oil prices, after U.S. President Donald Trump said Iran was keen to reach a new agreement with Washington. The move followed sharp swings driven by the most significant flare‑up in U.S.–Iran hostilities since an interim peace deal last month. Spot gold rose about 1.2% to just above 4,120 dollars an ounce late on Thursday, recovering from losses in the previous session when prices briefly touched their lowest level in a week. Futures tracked the spot move higher, helping bullion stabilise around the 4,100‑dollar ... (full story)

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  • Category: Fundamental Analysis