19 Hrs
Source:
الاقتصادية
Gold Gains Amid Ceasefire Hope
Gold prices increased by 1%, reaching over $4,200 per ounce, supported by progress in talks between the U.S. and Iran regarding ending the war that has impacted global markets. Gold has reached its highest levels after declining last week. The establishment of a communication line between Tehran and Washington has helped ease fears and reduce tensions around the Strait of Hormuz, as new negotiations begin and oil continues to flow over the weekend. However, expectations of a U.S. interest rate hike and rising inflation may put pressure on precious metal prices in the future.
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