Gold prices set for third monthly loss amid ceasefire
Gold prices face a third monthly loss as spot prices trade near $4,518. Markets monitor the US-Iran ceasefire extension and persistent high interest rates.
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Gold rose 0.6% to $4,518.57 on Friday morning but remains on track for a 2.2% monthly decline. Prices recovered from a two-month low after reports of a ceasefire extension between the United States and Iran. Investors are weighing geopolitical de-escalation against high inflation that keeps interest rates elevated.
