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Gold rises above $4,300 on Iran deal
The price of gold increased by more than 1.5%, rising to over $4,300 per ounce after the United States and Iran signed a temporary agreement to extend the ceasefire for 60 days, in an effort to boost chances for negotiations toward a permanent ceasefire. This followed a decline in oil and stock prices, as the U.S. president confirmed that the bombing campaign could resume if Iran does not comply. The prices of other precious metals, such as silver, platinum, and palladium, also rose amidst ongoing tensions between the two countries.
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