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Commodities

Gold Prices Surge to Near 7-Week High on Geopolitical Optimism

Guavy AI Editorial Team
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Gold
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Gold prices have surged to their highest level since June 18, reaching $4,333.30 per ounce on Comex.

This increase is attributed to a combination of macroeconomic and geopolitical factors that are boosting gold's appeal as a safe-haven asset.

Nirpendra Yadav, Sr. Research Analyst at Bonanza, notes that the US-Iran peace process appears to be moving forward again after months of military escalation, supporting gold prices currently.

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