Gold rises 1% amid stable inflation fears

Gold prices rose by approximately 1% during Thursday's trading, benefiting from the decline in oil prices and easing inflation fears following the announcement of a temporary agreement between the United States and Iran, which includes a 60-day extension of the ceasefire. This recovery came despite expectations of US monetary policy indicating the possibility of interest rate hikes, as investors monitor the balance between falling inflation and the prospects of monetary tightening. Additionally, the decline in oil prices supported the precious metal, amid ongoing geopolitical tensions and their impact on the markets.

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