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Gold gains on US-Iran deal news

Gold gains on US-Iran deal news

Gold prices rose by over 2.5% after the United States and Iran announced an agreement to de-escalate tensions, leading to a decline in oil prices and easing concerns about inflation and interest rates. The price of an ounce reached $4,322.87, the highest level since June, while oil prices fell by more than 4%, and the dollar declined to its lowest point in 10 days.

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