Gold rises as oil weakens after US extends ceasefire with Iran
Gold prices rose on Wednesday as lower oil prices, following a U.S. extension of a ceasefire with Iran, eased fears of an inflation spike and prolonged high interest rates.
Spot gold rose 1.1% to $4,762.22 per ounce, as of 0615 GMT, after falling to its lowest level since April 13 on Tuesday.
……Read full article on The Star Online - Business
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