Goldextends its sideways consolidative price move through the Asian session,and currently trades around the $4,800 mark,nearly unchanged for the day amid mixed cues. Despite intensifying diplomatic efforts to end the Middle East conflict, signs of friction between the US and Iran remained due to the ongoing American naval blockade of Iranian ports. This is seen underpinning the US Dollar’sreserve currency status and acting as a headwind for the commodity.
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