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Back Fundamental analysis
Traders Show Renewed Interest in Gold
Gold surged by 1.2% today and
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Gold surged by 1.2% today and is now trading around $4,562 per ounce, fully recovering from last week's moderate losses. The catalyst for this movement was reports that the U.S. and Iran are close to an agreement regarding the Strait of Hormuz—the prospect of reopening the strait lowers inflation expectations and, consequently, the need to maintain high interest rates for an extended period.The logic here is somewhat paradoxical but quite understandable. A decrease in geopolitical tension might typically exert downward
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2026
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Urgency
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Maxim Magdalinin
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