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Gold gains as US-Iran tensions remain stable
Gold prices rose today amid persistent tensions between Washington and Tehran. The precious metal benefited from a more than 4% decline in oil prices and a 0.3% drop in the dollar index. This comes amid a temporary pause in the US military campaign in the Middle East and expectations that the Federal Reserve will keep interest rates stable at its upcoming meeting on July 28-29, despite a 76% chance of a rate hike in September. Other metals also saw gains, with silver, platinum, and palladium increasing between 1.5% and 1.7%.
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