Gold prices rise over $4200

Gold prices rose by over 3%, surpassing $4,200 per ounce — the highest level in a month and a half — amidst President Donald Trump's statements indicating significant progress in negotiations with Iran. This boosted expectations of easing geopolitical tensions in the Middle East. Additionally, declining bond yields and a weaker dollar contributed to increasing gold's appeal, while expectations of a US interest rate hike dropped from 67% to 57%, supporting the rise in the precious metal's prices.

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