Gold Inches Higher Amid Reports of Possible US-Iran Ceasefire, Focus on Fed Rate Outlook
India, May 29 : Gold prices today moved slightly higher on Friday as investors weighed reports of a possible extension of the U.S.-Iran ceasefire alongside expectations that the Federal Reserve may keep interest rates elevated for longer due to persistent inflation pressures.
Spot gold gained 0.4% to $4,512.79 per ounce by 0113 GMT, putting the…
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