Spot gold rebounded 0.7% to $4,105.77/oz after three straight days of losses, holding above $4,100. The move was attributed to heightened geopolitical risk as the U.S. military attacked Iranian targets for a second consecutive day, with Trump saying the flare-up will end quickly. Overall, the news supports a near-term safe-haven bid for gold.
Spot gold rebounded 0.7% to $4,105.77/oz after three straight days of losses, holding above $4,100. The move was attributed to heightened geopolitical risk as the U.S. military attacked Iranian targets for a second consecutive day, with Trump saying the flare-up will end quickly. Overall, the news supports a near-term safe-haven bid for gold.
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