Gold gathers recovery momentum after losing more than 1% on Monday and trades above $4,500 in the European session on Tuesday. A partial ceasefire between Hezbollah and Israel eases fears of a broader regional conflict, keeping a lid on further gains for the safe-haven US Dollarand offering support to the bullion. However, the uncertainty around US-Iran peace talks, along with inflation fears and prospects for interest rate hikes, continues to undermine demand for the yellow metal.
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