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Gold Seesaws on Ceasefire Headlines as NFP, Rate Hike Fears Loom
Gold edged up 1% to $4,525/oz Monday as Trump reported Lebanon ceasefire progress, while Iran suspended U.S. talks and traders eye Friday's NFP for Fed rate clues.
Summary
Gold steadied and clawed back earlier losses Monday, trading up 1.08% to $4,525.34 per ounce as diplomatic signals out of the Middle East offered tentative relief, even as the broader picture remained anything but settled. Spot silver also gained, rising 1.59% to $76.17/oz, tracking gold's modest recovery. The session's tone was set by competing headlines from Washington and Tehran.
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