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America Iran deal boosts gold prices
Gold prices rose by more than 1.8% today, Monday, following announcements from U.S. and Iranian officials about reaching an agreement to end their conflict. The deal includes lifting the U.S. sanctions on Iran and reopening the Strait of Hormuz. Gold reached its highest level since June, amid falling oil and dollar prices as a result of the agreement, with expectations of decreased chances of a U.S. interest rate hike in December.
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