Gold rises on softer dollar, oil as markets weigh US-Iran peace optimism
· economictimes.indiatimes.com
Gold prices dipped on Wednesday, pressured by a strengthening dollar and escalating oil prices amidst renewed Middle East conflict. Hopes for a quick U.S.-Iran resolution have faded, impacting diplomatic progress. Analysts suggest this geopolitical tension, coupled with inflation risks and potential interest rate hikes, is weighing on the precious metal.
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