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Precious Metals Preview: Gold rises as US-Iran tensions intensify
08-May-2026 09:02
Gold prices climbed above $4,730 per ounce on Friday as renewed US-Iran clashes revived safe-haven demand and inflation concerns. Market sentiment turned cautious after American forces intercepted Iranian attacks and conducted defensive strikes near the Strait of Hormuz. Investors are now awaiting Iran's response to a US proposal aimed at reopening Hormuz and easing the nearly 10-week conflict.

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