Gold Strengthens While Oil Rally Pauses on US-Iran Mediation Hopes

Gold prices rose ​on Tuesday as investors weighed diplomatic efforts to ease the U.S.-Iran conflict, ‌which could temper oil-driven inflation risks and influence the U.S. Federal Reserve's interest rate path.
 
Spot gold rose 0.9% to $4,042.69 per ounce as of 0345 GMT. U.S. gold futures for August delivery were up ​0.8% at $4,047.40.

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