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Gold Prices See Sudden Surge Amid Hopes of US-Iran Ceasefire
Comex gold prices jumped $76.3 per troy ounce, while silver futures rebounded $1.7, as hopes of a US-Iran ceasefire revive demand.
1 day ago2 min read
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Comex gold prices jumped $76.3 per troy ounce, while silver futures rebounded $1.7, as hopes of a US-Iran ceasefire revive demand.
Comex gold futures sank to a new low, while silver prices declined sharply as investors remained cautious in the face of a firm dollar and rising inflation concerns.
Gold prices declined sharply as investors became increasingly bullish on a forthcoming Federal Reserve interest rate hike, driven by Federal Reserve Governor Christopher Waller's warning about the potential for an Iran war-fuelled inflation surge.