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Mitsubishi UFJ: Gold futures are poised for a weekly gain
Svmuu News: Gold futures are poised for a weekly gain as optimism over potential U.S.-Iran talks and a ceasefire agreement between Israel and Lebanon is weighing on oil prices and boosting overall market sentiment. Mitsubishi UFJ stated, “Lower oil prices have eased inflation concerns.” However, although gold has recouped some of its earlier losses, it remains about 9% below its level at the start of the conflict. Persistent risks to energy supplies and damaged infrastructure could keep inflation uncertainty high. (Jin Shi)
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