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Gold bullion rebounds from one-week low as Iran cites progress in peace talks
Business World Philippines
|June 23, 2026
GOLD rebounded from a more than one-week low on Monday, as oil prices fell after Iran cited progress in US-Iran peace talks, though bets of higher interest rates after hawkish US Federal Reserve signals weighed on the metal’s outlook.
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Spot gold was up 0.8% at $4,194.99 per ounce, as of 0608 GMT, after falling to its lowest level since June 11 on Friday. US gold futures for August delivery fell 0.8% to $4,213.10.
The first round of talks between high-ranking US and Iranian officials in Switzerland ended Monday, with an Iranian foreign ministry spokesperson saying good progress has been made, according to Iran’s Press TV.
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