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Gold exceeds $4,100 amid easing selling pressures
Gold continues its upward momentum, reaching a price of $4,123.68 per ounce, marking an increase of about 1% amid escalating tensions in the Middle East between the United States and Iran. This comes despite ongoing concerns over interest rate hikes and a decline in Treasury bond yields. The rise is supported by ongoing investor inflows into gold, driven by increased risks to oil supply and decreased price volatility following its collapse in June. Meanwhile, the market is balancing concerns over regional tensions with the conditions of the U.S. economy.
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