Gold prices rise amid anticipation of de-escalation efforts between America and Iran

Gold prices rose today, Tuesday, as investors await diplomatic efforts aimed at easing the severity of the US-Iranian conflict, hoping to mitigate the risks of inflation resulting from the rise Oil prices, and determining the path of US interest rates.

The price of gold in transactions rose 1.2% to 4054.24 Federal Reserve Interest rates unchanged at its meeting next week, traders currently expect a 64% probability of an interest rate hike next September.

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