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Gold Inches Higher As Focus Turns To Strait Of Hormuz Amid Lebanon Attacks

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Gold prices edged higher as traders reacted to U.S.-Iran ceasefire developments: Iran permitted restricted ship movement via the Strait of Hormuz while Israel struck Lebanon ahead of U.S.-Iran talks. The mixed signals—partial easing of maritime risk but continued regional attacks—kept markets uncertain and modestly supported safe-haven demand for gold.

Analysis

Gold prices edged higher as traders reacted to U.S.-Iran ceasefire developments: Iran permitted restricted ship movement via the Strait of Hormuz while Israel struck Lebanon ahead of U.S.-Iran talks. The mixed signals—partial easing of maritime risk but continued regional attacks—kept markets uncertain and modestly supported safe-haven demand for gold.

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