India, June 4 -- Partially offsetting the sharp decline from yesterday's session, gold prices have edged higher on Thursday as optimism on a resolution to the Middle East crisis increased after Israel and Lebanon consented to a ceasefire. In addition, both the U.S. and Iran confirmed that mutual talks to end the war were continuing without a break.

Front Month Comex Gold for August month delivery has climbed by $36.10 (or 0.81%) to $4,503.00 per troy ounce.

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