Gold prices climb amid lower rate expectations

Gold prices rose today by 0.3% to $4,324.49 per ounce, amid reduced expectations of interest rate hikes from the U.S. Federal Reserve following the temporary peace agreement between the United States and Iran. This helped gold prices reach their highest level since June 5. Major companies like Newmont and Barrick Mining saw their shares increase by around 2%. Additionally, South African and Canadian gold mining companies experienced stock gains ranging from 0.3% to 2%.

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