Washington-Tehran Deal Boosts Gold
Gold prices rose by more than 1.4%, reaching $4,316.42 per ounce, after a decline in oil prices following the announcement of a temporary agreement between the United States and Iran, which includes a 60-day extension of the ceasefire. This development eased inflation fears and boosted demand for the precious metal. Meanwhile, other precious metals such as silver, platinum, and palladium increased between 1.2% and 1.8%.
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