Gold gains some follow-through positive traction for the second straight day,and recovers further from a more than one-month low, around the $4,500 mark, touched at the start ofthis week. The US Dollar weakens across the board amid optimism over a potential US-Iran peace deal and potential Japanese FX intervention,supporting the bullion. Moreover, retreating Crude Oil prices ease inflationary concerns and temper bets for a more hawkish USFederal Reserve(Fed), which is seen as another factor benefiting the non-yielding yellow metal.
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