Gold Extends Gain as Hopes for Iran Truce Ease Inflation Fears


The “fluidity with regards to the situation in the Middle East along with oil prices and bond yields” may still weigh on gold in the short term, said Vasu Menon, a strategist at Oversea-Chinese Banking Corp. “We continue to see gold as a useful hedge against global uncertainties given significant political and economic changes happening globally, which look set to gather pace in the coming years,” he added. 



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