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Gold gains capped as markets ignore positive data over Hormuz worries, Indian silver premiums rise despite low demand – Heraeus
Gold prices aren’t benefiting from lower rate hike expectations because market participants are worried about the Iran conflict, while India’s new import controls are causing 10% price premiums on domestic silver even as demand languishes, according to precious metals analysts at Heraeus. In their latest update, the analysts noted that gold prices have remained trapped in a $250 range since the last Fed meeting. “In the week leading up to the Federal Reserve’s latest FOMC meeting on 17 June, gold was looking as if it might have shrugged off the weakness induced by the US-Iran conflict,” they wrote. “The ... (full story)
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Senior Iranian Source: Mediators Have Proposed A 10-day Cessation Of Strikes To Find Ways To Revive The Iran-us Interim Deal 
Iran confirms received proposals from mediators, says diplomatic channel still active Iran has received proposals from mediators, Foreign Ministry spokesman Esmaeil Baghaei said on Monday, amid continued tit-for-tat strikes between Iran and the United States. Baghaei made the remarks at a weekly press conference in Tehran without giving details, when asked whether he could confirm reports about new proposals by Qatar for the revival of U.S.-Iran negotiations and a 10-day ceasefire. Baghaei stressed that Iran's diplomatic apparatus remains active alongside its military responses to U.S. attacks, while condemning recent U.S. strikes against civilian infrastructure, including bridges and medical centers, as violating "people's rights to life, security and human dignity."
Iran confirms received proposals from mediators, says diplomatic channel still active Iran has received proposals from mediators, Foreign Ministry spokesman Esmaeil Baghaei said on Monday, amid continued tit-for-tat strikes between Iran and the United States. Baghaei made the remarks at a weekly press conference in Tehran without giving details, when asked whether he could confirm reports about new proposals by Qatar for the revival of U.S.-Iran negotiations and a 10-day ceasefire. Baghaei stressed that Iran's diplomatic apparatus remains active alongside its military responses to U.S. attacks, while condemning recent U.S. strikes against civilian infrastructure, including bridges and medical centers, as violating "people's rights to life, security and human dignity."
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From fxempire.com | 6 hr ago
Gold remains stuck below the resistance level at $4020 – $4040 as traders focus on stronger dollar and rising Treasury yields. Treasury yields gained ground as bond traders bet on hawkish Fed. The yield of 2-year Treasuries settled above the 4.22% level, while the yield of 10-year Treasuries moved above 4.60%. FedWatch Tool indicates that there is a 55% ...
