Gold rises by 2 percent
Gold prices rose by more than 2.5%, reaching $4,322.87 per ounce after officials from the United States and Iran announced the start of an agreement to end the conflict between the two countries. This development led to a decline in oil prices, easing fears of inflation and interest rate hikes. Silver also increased by 3.6% to $70.39, while platinum rose to $1,773.70 and palladium to $1,324.75.
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