On Thursday, gold prices experienced a significant increase, rising by 1.9% to reach $4,630.03 per ounce by 1017 GMT. This surge was driven by heightened concerns regarding potential military tensions between the United States and Iran, which led investors to turn to gold as a safe-haven asset. Additionally, a weaker U.S. dollar contributed to the upward momentum in gold prices, providing further technical support for the precious metal.
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