Gold prices rise amid Middle East tensions, silver surges

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Gold prices rose by 0.4% to $2,391.10 per ounce amid Middle East tensions, with spot gold hitting a record high of $2,431.29. U.S. gold futures slightly dipped to $2,405.40. Iran's military readiness against potential Israeli aggression heightened uncertainty. U.S. Federal Reserve officials refrained from discussing interest rate cuts, maintaining a 67% chance of a decrease by September. Silver surged by 1.8% to $28.60, while the global silver deficit is expected to grow by 17% in 2024.


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