Gold sticks to modest intraday gains through the Asian session, though it lacks follow-through buying. A further escalation of conflicts in the Middle East assists the safe-haven commodity to attract dip-buyers near the lower boundary of the trading range held over the past two weeks or so and recover a part of its losses recorded over the past two days. Iran’s new supreme leader, Mojtaba Khamenei, warned during his first public statement that all US military bases in the region should be immediately closed or will be attacked.
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