Gold rebounds from one-month low amid Middle East risks
Spot gold rose 0.8% to $4,557.56 as investors engaged in bargain hunting. Markets remain focused on Middle East conflicts and their impact on global inflation.
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Gold rose 0.8% to $4,557.56 midday Tuesday after hitting a one-month low the previous day. Prices recovered as the United Arab Emirates reported missile attacks from Iran despite a fragile regional truce. Investors are weighing safe-haven demand against the risk of prolonged high interest rates driven by energy-led inflation.
