India, June 4 -- Gold edged higher on Thursday after Israel and Lebanon agreed to implement a ceasefire and continue negotiations for a broader peace agreement.

Spot gold jumped 0.8 percent to $4,468.73 an ounce while U.S. gold futures for August delivery were up 0.7 percent at $4,496.70.

After a fourth round of U.S.-mediated talks, Israel and Lebanon have agreed to renew their fragile ceasefire following days of bombardment and drone strikes.

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