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Gold rebounds toward $4,000 as Iran peace hopes sink Oil, US Dollar

FXStreetIran

Gold rebounds toward $4,000 as Iran peace hopes sink Oil, US Dollar

Gold (XAU/USD) rebounds and gains over 2% on Monday as crude prices drift lower, dragging the US Dollar (USD) lower due to its positive correlation, as elevated energy prices exert pressure on inflation. XAU/USD trades at $3,954 at the time of writing.

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