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Middle East peace may boost gold prices
After the announcement of reaching an agreement to end the conflict in the Middle East, gold prices rose by more than 2%, recording $4,322.87 per ounce in spot transactions and $4,344.80 for futures contracts. Other precious metals also saw significant gains, with silver increasing by 3.6% to $70.39, platinum rising by 3.3% to $1,773.70, and palladium reaching $1,324.75 per ounce.
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