Gold gains momentum as US-Iran peace framework boosts sentiment
Mumbai, June 16 -- Gold prices rebounded toward $4,600 per ounce in electronic trading on Tuesday after gaining more than 2% in the previous session. The rally was supported by easing geopolitical tensions following the announcement of a US-Iran interim peace framework, which reduced concerns over energy-driven inflation and improved overall market sentiment. Investor focus has now shifted to the Federal Reserve's upcoming policy meeting, the first under Chair Kevin Warsh. While interest rates are widely expected to remain unchanged, markets will closely watch the Fed's commentary for clues on the inflation outlook after recent price data exceeded expectations. A packed week of US economic releases, including retail sales and jobless claims...
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