Gold rebounds amid US-Iran tensions

Gold prices have risen significantly, reaching $4,207.62 per ounce in spot trading after hitting their lowest level since June 11. This comes amid improved negotiations between the United States and Iran and a calmer oil market. The increase was accompanied by a drop in oil prices of over one percent, which eased fears of supply disruptions. However, expectations of a US interest rate hike still limit gold's attractiveness.

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