Gold steadies at $4,235 with weekly gains

The gold price notably increased, reaching its biggest weekly gain since January, after settling at around $4,235 per ounce, despite no change in its spot price. This comes amid falling oil prices and hopes for a potential US-Iran agreement, as US gold futures declined by 0.1% to approximately $4,294. The price of an ounce surpassed $4,100 for the first time in two weeks, with the market heading towards achieving monthly gains.

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