Gold Rebounds on Hopes of a Ceasefire in the Middle East

The start of this week saw gold recover from earlier losses as growing optimism over a possible ceasefire between Iran and Israel encouraged buying interest, helping the precious metal stabilize after touching a multi-month low. However, the upside remained constrained as stronger United States economic data boosted expectations that the Fed will raise interest rates later this year.

Gold producers like Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) are unlikely to alter their projections significantly since gold is&

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