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Gold Advances As U.S.-Iran Peace Efforts Gain Momentum

Commodities & Raw MaterialsGeopolitics & WarEnergy Markets & Prices

Gold prices ticked higher on Thursday as conflicting reports on Iran's enriched uranium stance and continued stalemate over the Strait of Hormuz supported safe-haven demand. The move was limited by the unresolved diplomatic situation, leaving the broader price response restrained.

Analysis

Gold prices ticked higher on Thursday as conflicting reports on Iran's enriched uranium stance and continued stalemate over the Strait of Hormuz supported safe-haven demand. The move was limited by the unresolved diplomatic situation, leaving the broader price response restrained.

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