Gold prices were sharply higher on Thursday, and the dollar index was subdued amid optimism over a potential U.S.-Iran peace deal and easing concerns about inflationary pressures.
Spot gold surged nearly 1 percent to $4,735.74 an ounce while U.S. gold futures for June delivery were up more than 1 percent at $4,742.64.
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Gold Prices Rally As Middle East Tensions Ease
2026-05-07 10:06:13
