On Monday, gold prices experienced a significant increase, rising by more than 1% amid growing optimism regarding a possible diplomatic resolution between the United States and Iran. This development contributed to a decline in both oil prices and the value of the dollar, alleviating concerns that ongoing tensions in the Middle East might compel the Federal Reserve to maintain elevated interest rates for an extended period. As a result, spot gold was recorded at $4,559.69, reflecting a 1.1% gain.
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