Gold set for weekly rise on US-Iran peace prospects; Hormuz tensions cap gains

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Gold set for weekly rise on US-Iran peace prospects; Hormuz tensions cap gains

AI Summary

Gold prices are positioned for a weekly rise driven by potential peace prospects between the US and Iran, although rising tensions in the Strait of Hormuz are tempering those gains. The market watches closely as geopolitical factors influence commodity prices.

World Politics Markets Commodities gold prices US Iran peace prospects Strait of Hormuz commodities

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